News
RL360° acquires Ardan International from Rowan Dartington
RL360° is to acquire Rowan Dartington’s global platform business Ardan International for an undisclosed fee.
Best Practice | news 15 Nov 16
UK providers forced to cap early exit pension charge at 1%
The UK’s Financial Conduct Authority (FCA) and Department for Work and Pensions are to impose a 1% early exit charge cap on existing personal pensions and occupational schemes from 31 March next year.
Tax & Regulation | news 15 Nov 16
Majority of wealthy UK savers unaware of IHT changes
Around 75% of wealthy are unaware of the new ‘residence nil rate band’ inheritance tax allowance (IHT), due to be introduced in April next year, according to research by Canada Life.
Macro Views | news 15 Nov 16
McKinsey: Asset management to see explosive change
McKinsey & Co cited five trends that they expect will cause a “once-in-a-generation shift in competitive dynamics”, completely shaking up the asset management industry.
Hong Kong IFA firm buys stake in Nutmeg for £24m
Convoy, one of the largest IFA firms in Hong Kong, has paid £24m ($30.2m, €27.8m) for a stake in UK investment platform Nutmeg, in a move praised by UK chancellor Philip Hammond.