The UK Financial Ombudsman Service has upheld a complaint against an Intrinsic financial adviser, who helped a client switch his personal pension to a self-invested personal pension (Sipp) to invest in Harlequin, a now-defunct unregulated investment scheme.
The UK Government is planning to “swiftly” introduce a pension cold-calling ban, but has come up short on setting an exact date, as industry commentators have questioned how effective a ban will be in stopping criminals.
The Italian tax authority has ruled that independent financial advisers are subject to VAT fees, setting a legal precedent for other EU nations to adopt.
Australia has launched a major public inquiry into alleged misconduct in the banking, superannuation and financial services sector.
The EU recently proposed a single trade agreement with the United States, so there is no reason it cannot have one with the UK post-Brexit, according to the chief executive of the UK’s Financial Conduct Authority (FCA).
A couple who lost almost £400,000 due to bad advice they received from a financial planner have been shocked to discover that he is still working in the industry.
Three quarters of UK workers do not know the value of their pension fund, while a fifth of consumers aged over 55 will not trust anyone when it comes to getting financial advice, according the Chartered Institute for Securities & Investment (Cisi).
Almost half of professional athletes have given no thought to planning their finances for when their sporting careers end, according to findings from Old Mutual Wealth’s Financial Adviser School (FAS) and MA Sports consulting (MA).
A dedication to career-long learning and meeting ongoing qualification requirements means certified financial advisers in South Africa are being praised around the world by industry experts.
Franklin Templeton appoints a lead manager for emerging markets team, Axa IM launches a business development department and the Financial Conduct Authority appoints an executive director of international to oversee Brexit developments.
Multiple sources have told International Adviser that pension freedoms will likely be included in this year’s Isle of Man Budget, to be released on 20 February.
HM Revenue & Customs has responded to a claim it is “out of control” by over-taxing people and then expecting them to claim it back.
