Half of Sipp complaints upheld
The UK Financial Ombudsman Service (FOS) has upheld half of the complaints it received about self-invested personal pension schemes (Sipps) so far in 2017/18.
Best Practice
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Analysis: Regulatory scrutiny keeping UK advisers on their toes
Advisers must stay on the ball as the UK regulator continues to tweak pension transfer rules in an attempt to get a handle on this rapidly evolving sector.
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Brexit: Spain pledges ‘no disruption’ for British expats
Spain’s foreign minister has assured British expats they will be able to continue to live in the country with ‘no disruption’ after Brexit.
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HMRC sets out ‘opaque’ abusive tax scheme penalties
Advisers who enable abusive tax avoidance schemes face penalties that will take into account “relevant considerations”, draft guidance from HM Revenue & Customs revealed on Friday.
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Four key findings of the FCA Financial Lives Survey 2017
The FCA recently published its results of the Financial Lives Survey 2017. It hopes the data collected will help in the understanding of consumer needs and identify where they might be experiencing harm.
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New tax register ‘burdensome’ for beneficiaries
Beneficiaries who fail to comply with the UK’s new Beneficial Trust Register may face fines and prosecution, warns accounting, tax and advisory practice Blick Rothenberg.
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Mid-sized businesses risk a liquidity crisis
Half of mid-sized businesses in the EU would struggle to survive a three-day interruption to trading, a study by financial advisers Mazars has found.
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Chartered bodies alliance targets ‘bad apples’
The Chartered Body Alliance, composed of three leading chartered professional bodies, wants tougher action to be taken to prevent “bad apples” from re-circulating in the industry.
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Mid-sized businesses risk a liquidity crisis
Half of mid-sized businesses in the EU would struggle to survive a three-day interruption to trading, a study by financial advisers Mazars has found.
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FCA warns more products needed for ageing population
The UK Financial Conduct Authority has warned that as more people reach retirement, more needs to be done to provide financial products and services for the elderly.
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Nearly 50% of UAE advisers ‘anxious’ about new rules
Almost half of UAE advisers admit to anxiety about new rules that will affect how they operate and say that they “need to change now” to be ready for them, according to a survey into forthcoming regulations conducted by Zurich Middle East.
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Singapore Best Practice Adviser Award winners revealed
The winners in Singapore for International Adviser’s Best Practice Adviser Awards 2017 series were revealed on 12 October at the Marina Mandarin Hotel in Singapore.