Pension scammers ordered to repay £13.7m in landmark ruling
Four fraudsters who squandered the pension savings of 245 people have been ordered by the UK High Court to pay back £13.7m ($19.1m, €15.6m), the first time such an order has been obtained.
Best Practice
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What Shakira’s tax evasion case means for expats in Spain
Expats living in Spain should watch the tax evasion investigation into Colombian singer Shakira with interest, as her situation may be more relevant to them than they might think.
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Getting Under the Skin of Pension Transfers – the importance of explaining risk
It is vitally important to explain risk to clients who are transferring their defined benefit (DB) pensions.
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Australian bank to pay millions in advice compensation
The Commonwealth Bank of Australia (CBA) has been rapped for more advice failings and is expected to pay nearly A$2m (£1.15m, $1.6m, €1.3m) in compensation to clients of five former advisers.
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DB pension deficit headache worsens for struggling employers
The UK High Court has ruled that communications group BT cannot change a pension scheme from the retail price index (RPI) to the generally lower consumer price index, placing more significance on an imminent government white paper on defined benefit pension schemes, a legal expert says.
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Will inflation remain absent?
During almost a decade of experimental monetary policy from central banks, inflation has been notable by its absence across most economies. With monetary policy beginning to diverge and unemployment falling, will it rear its head again or has it peaked?
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Regulation is a ‘sideshow’ – international pension chief
Regulation is a sideshow in wealth management, according to Embark chief executive Phil Smith.
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Advisers should learn to be ‘never knowingly undersold’
Advisers and planners have a key role in explaining the benefits of financial services and demonstrating the industry’s trustworthiness, according to an advice guru.
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The five most in-demand investment trusts
The UK’s Association of Investment Companies has revealed the five most searched investment trusts on its website in 2017.
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‘Hitman’ using Facebook data in offshore Bitcoin scam
Jersey’s regulator and financial crime unit have warned of email threats to send hitmen to people’s homes unless they make a substantial payment in Bitcoins.
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French wealth tax restricted to real estate
French residents no longer have to pay a wealth tax on savings and investment income, after sweeping tax reforms came into effect limiting it to real estate.
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Next gen clients hungry for financial knowledge – study
Next generation clients believe if they had learnt financial planning skills at school they would have a better life, according to a Money Advice Service report which highlights the key challenges this segment is facing.