Mifid II, Solvency II most concerning for asset managers
Mifid II and Solvency II are the regulations asset manager think are most important this year, with data collection, enrichment and delivery identified as the most challenging areas.
Best Practice
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Singapore consults on int’l exchange of tax information
Singapore’s Ministry of Finance (MOF) has opened a public consultation on the automatic exchange of information (AEOI) in tax matters, known as the Common Reporting Standard.
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UK’s CII launches life and pensions exam for new starters
The UK’s Chartered Insurance Institute (CII), a leading professional organisation for the insurance and financial services sector, has launched a new life and pensions qualification aimed at people starting out in the financial services industry.
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Alpine living and the success of Blackden Financial
Blackden Financial’s Christopher Marriot discusses the challenges posed by running a UK-style financial advice business in Switzerland, and the benefits of the expat life.
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UK adviser profit growth under threat
Despite 68% of UK financial advisers reporting more profitable operations this year compared with 2015, low growth in client funds is a potential threat to future profits.
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The post-Brexit Qrops landscape
International pensions such as Qrops are certainly going to feel the economic impacts of the UK’s decision to leave the European Union, but there will also be many other effects on these products, says David White, a founding partner at The QROPS Bureau.
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Pension planning concerns grow among UK financial advisers
British financial advisers are becoming increasingly concerned about making retirement income recommendations following the launch of pension freedom rules, according to MetLife.
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UK pensions regulator steps in to protect savers
The Pensions Regulator (TPR) has appointed independent trustees to a pension transfer scheme paying commission up to 30%, after finding that nearly £6m of pensions savings were being put at risk.
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Brexit vote may call for early move into Qrops, says OMW
The real possibility that rules surrounding offshore pension transfers could change following the outcome of the UK’s EU referendum means advisers considering such a move for their clients may be wise not to delay, says Darren Jones, head of technical sales for Old Mutual International, part of Old Mutual Wealth.
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How financial advisers can be ‘invaluable’ in divorce cases
The ex-wife of a Saudi billionaire is currently seeking £196m ($260m) in her divorce hearing in the High Court in London, says Judith Fitton, partner in the family department of law firm Mundays.
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New professional standards for Australian advisers welcomed
A revised professional standards framework for financial advisers and planners in Australia has been welcomed by the Association of Financial Advisers (AFA) and Financial Planning Association (FPA), but further improvements could be made.
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Advising the new breed of expat client
Old Mutual International’s Mike Leeson and Mimi Pienaar discuss the importance of knowing what is on a customer’s mind in our second of three articles looking at business transition principles.