United Kingdom
Many UK retirees seen using pension freedoms to get cash
Research by UK insurer Royal London has found that nearly 70% of savers who have taken advantage of the government’s new pension reforms since April have taken their money in a cash lump sum.
United Kingdom | 19 Aug 15
AES calls for clarity on UK advice firms using EEA passporting
Financial services firm AES International has called for more clarity on advisory firms operating in the UK under European passporting rules.
Tax & Regulation | 18 Aug 15
Royal London chief criticises ‘ISA-style’ pension tax changes
Phil Loney, chief executive of UK life and pensions company Royal London, has sharply criticised the government’s proposed plans to overhaul the way pension contributions are taxed.
Tax & Regulation | 17 Aug 15
UK Gov’t lowers wealth sights for tax investigations
The UK government is targeting more individuals in the £10m to £20m wealth bracket for tax non-compliance investigation, according to accountancy firm Crowe Clark Whitehill.
Investment | 17 Aug 15
OPINION: Carney’s conversations beg a few questions
Mark Carney has, according to the Sunday Times, told fund managers to prepare for a mass sell-off in stocks and bonds that could be triggered by a Bank of England rate hike.