Canaccord clients seek redress over film scheme
The wealth management firm will “vigorously defend itself” if claims are advanced
Author: Tom Carnegie
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Pension cost inquiry to make providers ‘sweat’
British Steel pension scandal looms large, as opaque fees and charges slammed
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Swiss banks no longer a safe haven for Indian tax dodgers
Two Indian citizens who argued their Swiss bank account details should not be handed over to Indian authorities in a tax dodging probe have lost their case in Switzerland’s highest court.
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Regulator warns 12 DB pension schemes over transfer activity
The UK Pensions Regulator has written to the trustees of 12 different defined benefit (DB) pensions schemes regarding transfer activity.
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PEOPLE MOVES: SJP, Tilney, Nucleus
SJP announces the retirement of its investment director after 27 years of service, Tilney hires two financial advisers from Ludlow and Cornerstone, while Nucleus appoints a head of platform marketing.
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Harlequin adviser banned and fined $60,000
The chief executive of a UK advice firm that distributed high-risk Harlequin products has been banned from holding any significant positions of influence or senior management.
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Australian advisers told to get registered or face exams
The Australian Securities and Investments Commission (Asic) has told financial advisers they must get registered under the country’s new professional standards reforms, or else they will have to sit an exam.
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Australia looks to rate 1,800 adviser licensees
In a bid to restore faith in the country’s financial services industry, the Australian government is considering a proposal that will rate 1,800 financial advice licensees.
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£20bn withdrawn since pension freedoms launched
The popularity of the UK’s pension freedoms is showing no signs of slowing, with almost £20bn ($26.2bn, €22.4bn) having now been flexibly accessed since the reforms launched in April 2015, according to the latest figures from HM Revenue & Customs.
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PEOPLE MOVES: Old Mutual Int’l, Guernsey Finance, Tiller
Old Mutual International hires a head of distribution development for Hong Kong, Guernsey finance appoints a deputy chief executive of strategy, while Tiller expands its team with a raft of senior hires.
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Only 1% of consumers using robo-advice
Despite many fintech firms proclaiming robo-advice growth, a major survey by GlobalData has revealed that, across the generations, only 1% of consumers are using the technology to invest.
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Top retirement hotspots for British expats
While many in the UK may want to retire abroad, without the right planning or financial advice they may find themselves falling foul of local tax laws, warns Retirement Advantage.