GBST acquires financial planning software solution
To expand its ability to offer both digital and hybrid advice to the global wealth market
Industry
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Uprating frozen UK state pensions estimated to cost £4.6bn
Around 480,000 recipients of the state pension living overseas do not get increases
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UK watchdog investigating firms offering Will-writing and probate plans
After it received complaints that some are not complying with consumer protection laws
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Malaysia’s Aiiman and Bank Islam form alliance
To broaden access to Shariah wealth offerings
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Spain reportedly axes 6-month absence rule for losing temporary residency
Change ‘could result in a huge amount of confusion’
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32% of IFAs expect client fees to increase with Consumer Duty
As one-in-seven still feel unclear about advising clients on good customer outcomes
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UK financial planning firm becomes employee-owned
18 staff members now retain 60% of the company
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Inheritance tax receipts reached £2bn between April and June
A £200m increase from last year
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Brits may pay income tax when inheriting untouched pension pots
As the government considers new rules to replace the pensions lifetime allowance
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PEOPLE MOVES: Lloyds, Brooks Macdonald, Quilter Cheviot
Banking group names head of international PB, as wealth manager makes c-suite change
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Pension tax overpayments hit £56m in Q2 2023
This is up almost £8m compared to the first quarter of the year
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Five potential impacts of Consumer Duty
NextWealth predicts what will happen after the FCA’s regulation is implemented