Advised clients £40,000 better off
Those receiving financial advice are, on average, £40,000 ($51,468, €44,973) better off than their peers who do not, research from the International Longevity Centre UK (ILC-UK) has found.
Best Practice
-
-
Isle of Man regulator steps up anti-money laundering crackdown
The Isle of Man financial regulator is taking action against anti-money laundering and terrorist financing with new guidance rules aimed at “avoiding a tick-box approach” to assessing the risk of customer involvement in such activities.
-
Five things you need to know about Qnups
For years, qualifying non-UK pension schemes (Qnups) have been seen as a niche product relegated to the realms of ‘aggressive tax planning’, says Martin Hall, director of Isle of Man-based pension provider Optimus. Here he reveals five reasons why it’s time for advisers to re-evaluate their position.
-
HMRC doubles tax evasion requests to overseas governments
HM Revenue and Customs has almost doubled its requests to governments elsewhere in the world for help in suspected tax evasion cases over a five-year period, according to figures obtained by law firm Pinsent Masons.
-
Eight tips to consider before advising millennials
Today’s millennials are tomorrow’s clients, says Craig Featherby, chief executive of South African advisory firm Carrick Wealth. Their different attitudes to things like money mean millennials use language differently to talk about it. In order to advise them, we need to understand how they communicate, he adds.
-
Tax planning trustees warned over beneficial register deadline
Many trustees will have too little time to comply with the new rules for the beneficial ownership register of trusts, and others will have huge amounts of information to gather, international audit, tax and consultancy firm RSM has warned.
-
UK advisers required to ‘tape’ calls under final Mifid II rules
Advisers in the UK will be required record telephone conversations with clients, the Financial Conduct Authority (FCA) has confirmed, and DFMs are set to be included in the measure.
-
Ombudsman upholds Sipp complaint against Curtis Banks
Self-invested pension provider Curtis Banks has been criticised by the UK Pensions Ombudsman for negligence and maladministration.
-
Top planning opportunities two years on from pension freedoms
There are exciting new market opportunities for the taking, two years after the UK pension freedoms were introduced that raised customer awareness of the need for pension planning, says Matt Ward, communications director at AKG Financial Analytics
-
DBS Bank opens free financial advice centre in Singapore
Singapore’s financial advice market just got more competitive after DBS opened a financial planning centre that offers free advisory services but does not sell any financial products.
-
Regulation set to ‘transform’ int’l advice, says Old Mutual
Shifting client expectations and regulatory change is set to transform the overseas financial advice market, according to the latest research by Old Mutual International.
-
Life assurance and the digital fightback
Life assurers are having to make big strides to catch up with advisers and mass market retail providers when it comes to digital innovation to meet growing expectations from high net worth individuals (HNWI), according to Lombard International Assurance’s Aidan McClean.