Influential European regulatory changes ahead for 2018
David Matthews, head of sales for Europe for Old Mutual Wealth, discusses upcoming regulatory changes, how these are impacting advisers and the type of solutions they are exploring.
Best Practice
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Hong Kong drops off HMRC Rops list
HM Revenue & Customs has removed all 19 Hong Kong recognised overseas pension schemes (Rops) from its online notification list.
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Five probing questions advisers should ask providers
Regulators are encouraging financial advisers to go deeper with due diligence exercises when selecting products and services for their customers, and to piece together an audit trail, says AKG’s Matt Ward.
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Guernsey Finance: ‘Not sure what more we’re supposed to do’
Guernsey Finance chief executive Dominic Wheatley is “not sure what more we’re expected to do” to help improve transparency in the fight against offshore tax evasion, he told International Adviser.
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What is the value of financial advice?
If an adviser’s ultimate aim is to run a practice where clients will cheerfully pay the fees, the first step must be to counter some false truths about value, says Phil Billingham.
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Honest taxpayers in HMRC’s sights
Steeper fines under HM Revenue & Customs’ requirement to correct (RTC) regime are just the start of changes that could catch out law-abiding taxpayers, according to KPMG’s head of tax investigations.
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Red flags to watch out for with HMRC’s ‘pay first’ deterrent
The UK’s HM Revenue & Customs has introduced a pay first, dispute later deterrent to stop aggressive tax planning which has pushed company profits into offshore jurisdictions.
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Cisi threatens legal action against fraudulent advisers
Following a damning investigation by a consumer watchdog, the Chartered Institute for Securities and Investment (Cisi) has warned that UK advisers will face legal action if they fraudulently claim to hold a qualification from the organisation.
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Soap opera praised for investment fraud storyline
Anti-fraud campaigners have welcomed a story arc in the world’s longest-running drama series that highlights the dangers of investment fraud.
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How peer review improves advice
Putting every piece of advice through its “four eyes approach” ensures quality and healthy debate, David Benskin, director of Strabens Hall Hong Kong, told International Adviser.
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UK investigates ‘defined ambition’ pension schemes
The UK Government is launching an inquiry into collective defined contribution pension schemes, also known as defined ambition, which are commonplace in the Netherlands, Canada and Denmark but not yet permitted in the UK.
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Seven Black Friday bargains
Consumers in the UK and globally will seek out bargains on Black Friday, but what about the investment world? Here are the views of seven managers and areas in the market that they see as undervalued.