News
Qrops ‘fire sale’ averted as reforms survive Finance Bill cull
Reforms overhauling overseas pension transfers may have survived the UK government’s wide-ranging cull of the Finance Bill in a bid to avoid a “fire sale” of Qrops, according to Rachael Griffin, financial planning expert at Old Mutual Wealth.
Retirement | news 26 Apr 17
Pension freedom withdrawals break through £10bn barrier
UK consumers withdrew £10.8bn ($13.8bn, €12.7bn) from their pensions during the first two years of the pension freedoms.
Tax & Regulation | news 26 Apr 17
FCA upholds over two-thirds of UK pension complaints
Over two-thirds of all complaints made against pension providers were upheld in the second half of 2016, according to the latest data released by the Financial Conduct Authority (FCA).
Brooks Macdonald approaches £10bn in assets under new CEO
Brooks Macdonald has grown its funds under management to nearly £10bn ($12.8bn, €11.7bn) in the first three months of 2017, signalling a strong start for new chief executive, Caroline Connellan.
Tax & Regulation | news 26 Apr 17
Newcastle and West Ham raided in HMRC tax fraud probe
HM Revenue & Customs has raided football clubs Newcastle and West Ham and locations in France following investigations into tax fraud.