Pressure mounts on UK’s Osborne to ease up on pension reform
Chancellor of the exchequer George Osborne is under increasing pressure to ‘play it safe’ and not overhaul the UK pensions system when he reveals his budget in 12 days’ time.
Author: Sam Shaw
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NZ Endeavour agrees Qrops deal with Malta’s Elmo
New Zealand pension firm NZ Endeavour Trustees has agreed terms with Malta-based Elmo Pensions to facilitate a partial or full transfer of pension assets between two of their respective Qrops funds.
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FCA raises concerns over life company fee transparency
The UK’s Financial Conduct Authority has raised concerns over the transparency of exit and penalty charges found in the closed-book life insurance policies of six insurance firms, including Old Mutual and Prudential.
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Allianz offers health plan for locals and expats in Lebanon
Allianz Worldwide Care, part of the giant Allianz Group, has launched a health insurance programme for expats and nationals living in Lebanon.
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WisdomTree adds two trading firms to Ucits ETF platform
Exchange traded fund provider WisdomTree has added Cantor Fitzgerald and IMC as authorised participants (AP) to its Ucits distribution platform.
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S. African tax amnesty to aid small firms and individuals
Individuals and small, closely held business entities will be the most affected by the South African offshore tax amnesty which is due to begin in October, according to EY.
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Local UK council offers solar bond at 6%
A joint venture bond offering from peer-to-peer investment platform Abundance and Swindon Borough Council is offering investors a 6% return on solar bonds.
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Market volatility tempers growth at Axa Wealth
Axa Wealth International has reported flat growth in its annual results against a backdrop of stock market volatility and pension reforms.
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Little proof FCA actions reduce mis-selling – NAO
The Financial Conduct Authority lacks “good evidence” that its enforcement actions are helping to reduce levels of mis-selling of financial services products, according to the National Audit Office (NAO).
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Bellevue acquires German fund manager StarCapital
Swiss investment company Bellevue Group has acquired independent German fund manager StarCapital in a move that brings its assets under management to CHF7.8bn (£5.6bn, $7.8bn, €7.1bn).
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B&CE and LV= launching £49 robo-adviser
The People’s Pension provider B&CE has joined forces with retirement specialist LV= to launch a £49 robo-advice service, aimed at those approaching retirement.
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UK pension rule changes set to spur VCT activity
The forthcoming changes to pension tax relief have led to an uptick in venture capital trust (VCT) business for three-quarters of VCT managers.