Steps advisers can take to avoid €20m data breach fine
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.
Best Practice
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Rigorous rules see OMW and CII partner on pension transfers
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).
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FCA greenlights pension transfer qualification
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.
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Portuguese expat pension tax tabled
Expat pensions transferred to Portugal could take a 10% hit under plans being considered by the country’s government.
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Mysterious allowances making pensions murky: SJP
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.
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Drive out badly behaved, life companies urged
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.
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Winners of International Adviser Life Awards 2017
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.
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Buoyant advisers nervous about Brexit
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.
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Divorce rate pushes women to seek advice
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.
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Liars using money saving expert to con victims
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.
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No safety net for life policy part surrenders
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.
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Intelligent Money launches platform for inactive IFA clients
Investment manager and Sipp provider Intelligent Money has launched a white-labelled investment tool that allows advisers to offer a low-cost proposition to inactive clients they no longer serve face-to-face.