FCA to hike maximum ombudsman compensation to £350,000
Under the current limit, complainants suffer an aggregate financial harm of £113m per year
Author: John Lappin
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Industry groups combine to build faster pension transfer framework
Consumers to benefit from better communication, common standards and greater transparency
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Mercer adds trans healthcare benefits to UK PMI plan
Benefit will cover consultations, diagnosis, mental health and surgical treatment
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Tax pensions on death to make Budget add up, IFS tells gov’t
IFS suggests radical set of tax rises on wealthy retired to make UK tax system more efficient
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Intrinsic funds 58-week adviser training course
Students expected to stay as restricted advisers with Intrinsic for two years after qualifying
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Pension freedoms could bring in £19.2bn of tax in next decade
Surging drawdowns may reduce overall tax take
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Advisers admit to Common Reporting Standard worries
Old Mutual Int’l survey finds 59% of clients have concerns, while 34% of IFAs lack understanding
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UK may not recognise cross-border suitability after Brexit
Firms will have to think about redoing suitability or repapering clients to the UK
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Clients ‘in the dark’ after tax-planning firm closes
Universal Wealth Management advised clients to transfer assets to trusts to avoid care home fees
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EU transaction tax ‘very likely’ after Brexit
Schroders economist Azad Zangana says tax harmonisation also on the cards with France in the driving seat
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Doctors win taper allowance concession, but more cuts loom
NHS Pension Scheme can now pay tapered annual allowance up front on behalf of doctors
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Sanlam completes Saham takeover to fulfil Africa ambitions
Group now has presence in 33 markets from the Cape to Casablanca