Some advisers may move their businesses to dodgy jurisdictions while others will have to meet a long list of new requirements, as the world ratchets up its regulatory hold on the financial services industry.
Financial advisers will have to do a “significant amount of legwork” if they are to comply with new data rules, or face a big fine, according to an expert.
Tougher rules and a 100% increase in pension transfer enquiries has prompted Old Mutual Wealth (OMW) to launch a DB to DC pension transfer training programme in partnership with the Chartered Insurance Institute (CII).
The Chartered Institute for Securities & Investment (Cisi) level 6 certificate in pension transfers and planning advice has been officially approved by the Financial Conduct Authority.
Expat pensions transferred to Portugal could take a 10% hit under plans being considered by the country’s government.
Pension rules are still a murky area in the eyes of savers and tax allowances continue to be a mystery for many people, warns Ian Price, divisional director for pensions at St James’s Place.
International life companies must help the industry improve by driving out people who are not behaving properly, a senior asset management figure told International Adviser’s Fund Links Forum on Thursday.
The International Adviser International Life Awards 2017 were announced on Thursday at London’s The Langham Hotel during a dinner held after our flagship life industry conference, the Fund Links Forum.
Despite economic headwinds, political uncertainty and a millennial generation failing to save enough, the financial advice industry is optimistic and hiring, according to a new report by Aegon.
Greater numbers of UK women are seeking financial advice due to increasing rates of divorce and the rise of female entrepreneurs, but the industry still lacks diversity and is struggling to attract female IFAs.
A host of dodgy companies and scammers are “trying to leach off the hard-earned reputation” of website MoneySavingExpert.com and its founder Martin Lewis.
HM Revenue & Customs will be able to review “disproportionate” tax bills slapped on people who withdraw money from their life policies but “it is crucial that this isn’t seen as a safety net”, warns Old Mutual Wealth tax and financial planning expert Rachael Griffin.
