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DeVere Group

DeVere denies ‘unfounded claims’ it uses prohibited funds in SA

Africa | 20 Apr 17

DeVere denies ‘unfounded claims’ it uses prohibited funds in SA

International advisory firm deVere has denied claims that it has been investing its South African clients’ money in offshore funds which have not been approved by the country’s regulator, blaming the “unfounded allegations” on a disgruntled former employee.

DeVere accused of using unlicensed funds in South Africa

Africa | 19 Apr 17

DeVere accused of using unlicensed funds in South Africa

International advisory firm deVere has been accused of investing South African clients’ money in offshore funds which have not been approved by the country’s financial services regulator, according to a report by news feed Moneyweb.

UK pension transfer risks rise for investors and advisers

Best Practice | 12 Apr 17

UK pension transfer risks rise for investors and advisers

The sharp increase in people transferring out of defined benefit (DB) pension schemes poses risks for investors and the industry, says Tom McPhail, head of policy at Hargreaves Lansdown. His warning comes as the UK’s pension transfer industry remains under close regulatory scrutiny.

Fintech

Companies | 10 Apr 17

DeVere Group launches new banking app deVere Vault

DeVere Group has launched a new banking app to coincide with its recently-unveiled plans for an investment bank on the offshore jurisdiction of Mauritius.

FCA stops pension transfers from 16 advice firms

Companies | 5 Apr 17

FCA stops pension transfers from 16 advice firms

Sixteen UK firms agreed to stop any activities related to pension transfers in the 12 months to January 2017, the Financial Conduct Authority has revealed.

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Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.