Hansard results boosted by Middle East & Africa performance
Hansard Global’s growth momentum gathered pace in its fiscal fourth quarter following strong results from the Middle East and Africa and a well-received product enhancement.
Industry
-
-
Money taken out of UK pensions more than doubles, says HMRC
The amount of money savers are taking out of their pensions has more than doubled in the three months to 30 June compared to the first quarter of the year, latest figures published by the UK’s tax office show.
-
Hong Kong insurer QBE to be Manulife’s exclusive supplier
Canada-based financial services group Manulife has agreed to make Hong Kong insurer QBE its exclusive supplier of general insurance products in the special administrative region.
-
Schroders hit by outflows as market fears stall intermediary business
Schroders registered headline pre-tax profits of £282.3m ($371.3m, €335m) for the first half of the year, despite a collapse in inflows to £700m compared to £8.8bn a year earlier.
-
Malta amends tax rules to clarify Qrops 30% transfer limit
Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.
-
LGBT community sees dip in average sums assured
The average sum assured for lesbian, gay, bisexual and transgender (LGBT) people in the UK fell by more than £8,000, according to gay insurance adviser Compass Mortgage and Insurance Services.
-
SJP raises dividend, rolls out new income fund
St James’s Place has increased its interim dividend by 15% despite reporting a drop in profit for the second quarter.
-
Brewin Dolphin underpinned by strong discretionary flows
UK wealth manager Brewin Dolphin has reported a 3.5% increase in discretionary funds under management to £26.8bn ($35bn, €32bn) during its third quarter.
-
Santander and UniCredit end fund management merger talks
A deal to merge the fund management businesses of Italy’s UniCredit and Spain’s Santander has officially been called off.
-
Brexit vote reignites debate over cuts to pensions tax relief
The UK’s decision to quit the European Union could lead to a raid on pensions tax relief, experts in the industry have warned.
-
Committee recommends FCA split to set up enforcement body
The Treasury Committee is recommending that part of the UK’s Financial Conduct Authority (FCA) be spun out to form a new financial regulation enforcement body.
-
Brooklands appoints administrator, Heritage takes over Sipps
Brooklands Trustees, an FCA authorised Sipp provider, has gone into administration and sold its assets to Heritage Pensions, according to a note to clients from the new administrator Duff and Phelps.