Canada Life to revamp UK operation
Insurance company confirms technical director Andrew Tully will depart as part of restructure
Author: Alina Khan
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Uprating frozen UK state pensions estimated to cost £4.6bn
Around 480,000 recipients of the state pension living overseas do not get increases
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UK watchdog investigating firms offering Will-writing and probate plans
After it received complaints that some are not complying with consumer protection laws
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32% of IFAs expect client fees to increase with Consumer Duty
As one-in-seven still feel unclear about advising clients on good customer outcomes
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UK financial planning firm becomes employee-owned
18 staff members now retain 60% of the company
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Inheritance tax receipts reached £2bn between April and June
A £200m increase from last year
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Two UK IFA firms fail
With the FSCS receiving claims related to pension advice transfers for both
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Brits may pay income tax when inheriting untouched pension pots
As the government considers new rules to replace the pensions lifetime allowance
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International wealth manager opens office in DIFC
It will focus on serving high net worth individuals, single family offices and EAMs
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Networks are the ‘future’ of the financial advice industry
As Consumer Duty will place significant pressure on smaller firms
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Expat advice company opens office in Bordeaux
It will be headed up by senior advisers Jean Pierre Çarçabal and Malcolm McDowell
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Pension savings increase following LTA scrapping
Some 23% of higher rate taxpayers are delaying retirement to save more