Hong Kong to roll out insurance lifeboat scheme
Policyholders in Hong Kong will be protected for the first time should their insurer become insolvent if plans to introduce a mandatory industry-funded compensation scheme come to fruition.
Best Practice
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Guardian Wealth secures corporate chartered status
The UK arm of Guardian Wealth Management Group’s international business has received corporate chartered status, the company confirmed to International Adviser.
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Pros and cons of deleting client data
Financial advisers need to establish a data management policy that balances the rights of the client against the firm’s right to meet regulatory requirements or potentially defend a legal claim, according to Nick Eatock, executive chairman of UK based back office software support Intelliflo.
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Mortgage advisers upskill as wealth advisers through Openwork
The first group of candidates have embarked on Openwork’s “Route to Wealth”, a study programme that supports firms upskilling their mortgage advisers to become fully qualified wealth advisers.
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Hong Kong budget targets major financial service growth
Hong Kong will make a major push to diversify its financial services and insurance industries through a HK$500m cash injection into bond market development, fintech, green finance and a training academy, the finance secretary outlined in the budget on Tuesday.
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Two retirement scenarios where a Qnups comes into play
Despite a fanfare at launch, seven years on the Qualifying Non-UK Pension Scheme has not proved hugely popular even though it can offer useful advantages.
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Shakira hit with €20m tax bill in ongoing Spain residency row
Expats in Spain who are not 100% clear on their residency status should pay careful attention to the more than €20m paid by Colombian singer Shakira to Spain’s Treasury for failing to pay tax on her worldwide income.
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Nucleus launches DB roundtable series
Nucleus, the adviser-built wrap platform, has brought together a panel of experts and financial advisers to help the IFA community navigate its way through the defined benefit (DB) transfer “minefield”.
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How the world’s largest police force tackles financial crime
Legal systems designed to make extradition of criminals possible across borders could be open to abuse by those with financial disputes.
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Guardian Wealth launches female adviser initiative
Women are underrepresented in offshore financial planning, prompting one advice firm to set itself tough targets to tackle the gender gap.
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Public IFA register resurrected amid British Steel scandal
In a move that comes too late for scammed British Steel Pension Scheme (BSPS) members, the Financial Conduct Authority has announced a consultation on a public register of approved financial advisers and other industry professionals.
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Regulators make ready to clean up the industry
A more rigorous approach by regulators is under way in jurisdictions around the world, aimed at tackling malpractice by financial advisers and others within the financial services industry.