News
Best Practice | news 21 Sep 16
Advisers losing out due to customer experience not price
Advisers are losing business because they are failing to provide clients with a good customer experience, not because other companies are beating them on price, according to Rod Bryson, principal – wealth, long-term savings and insurance at Capgemini Consulting.
Tax & Regulation | news 21 Sep 16
UK to change definition of ‘advice’ in line with Mifid
The UK government has launched a consultation on changing the definition of financial advice, so that only a personal recommendation for a product is considered advice which will be regulated.
Singapore reports low sales of commission-free life policies
The number of people buying life insurance policies without commissions or financial advice in Singapore has been low since the product’s launch in April last year.
Retirement | news 20 Sep 16
Limited guaranteed income options a blow to pension freedoms
Annuity rate cuts and all-time low interest rates are risking the success of pension freedoms by limiting the choice of guaranteed retirement income solutions and pushing savers into unprotected drawdown, according to MetLife.
Isle of Man hits out at ‘political’ EU blacklist of tax havens
Isle of Man chief minister Allan Bell has questioned plans by the European Commission to create a blacklist of non-EU tax regimes, branding the move as more to do with the “internal politics of Brussels” than greater transparency.