United Kingdom
Tax & Regulation | 10 Dec 15
UK Gov’t to enforce advice requirement on annuity sales
The UK government has announced plans to make it mandatory for investors holding a sizeable annuity to seek financial advice before selling out of their scheme.
Sanlam to realign UK businesses
Financial services group Sanlam will amalgamate its UK businesses from 1 January 2016, with all of the businesses falling under the responsibility and management remit of a single corporate entity.
People Moves | 9 Dec 15
OMW expands team supporting financial advisers
Old Mutual Wealth has moved to strengthen its support for financial advisers in the UK with the appointment of Martin Clubbs as pensions specialist.
Tax & Regulation | 9 Dec 15
APFA calls for product levy to reform FSCS funding
Levies set by the UK’s Financial Services Compensation Scheme (FSCS) hit an all-time high in 2015, with many firms concerned that they have reached unsustainable levels, according to APFA.
Investment | 9 Dec 15
One in three wealth managers not up to scratch on suitability – FCA
One third of UK wealth managers’ suitability reports currently fall short of the Financial Conduct Authority’s expected standards, the regulatory body said on Wednesday.