Quilter acquires third UK advice firm
Quilter’s financial planning arm, Old Mutual Wealth (OMW) Private Client Advisers, has acquired the advice business of accountancy firm Saint & Co.
Industry
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Troubled Sipp provider sees revenue soar by 35%
Liberty Sipp, which is currently facing multiple claims of mis-selling unregulated investments, has seen its assets under management surge to £2.95bn ($3.9bn, €3.3bn), according to its latest annual report.
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Old Mutual and Friends Provident hit back after court threat
Threats of legal action against Old Mutual International for allegedly mis-selling high-risk investments are not coming from a law firm but a “claims farmer trying to generate publicity”, a spokesperson for the insurer told International Adviser.
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High-risk pension quartet banned for 21 years
Four trustee directors behind a high-risk UK pension scheme have been banned following an Insolvency Service probe.
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Antiquated Australian tax residency rules face overhaul
Australia’s individual tax residency rules have not changed in 90 years and desperately need modernisation and simplification, the country’s Board of Taxation has found.
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Jupiter Merlin brings ‘punchy’ fund to UK investors
Jupiter Merlin is launching a version of its Real Return portfolio for UK investors, which has been called “quite punchy” for its hefty equity fund weighting despite having an absolute return bias.
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UK Sipp market to grow by £1.9bn a year
The UK self-invested personal pension (Sipp) market is expected to grow by £1.9bn a year to 2020 despite rising customer complaints, according to the latest research by GlobalData.
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PEOPLE MOVES: StanChart, Columbia Threadneedle, Carrick Wealth
Standard Chartered names Singapore chief, Columbia Threadneedle veteran retires and Carrick Wealth promotes managing directors to head Africa business.
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Suspension lifted at Holborn Assets
Dubai-headquartered Holborn Assets Insurance Brokers has resumed normal business after the Insurance Authority suspension of the company’s licence was lifted on Monday, sources have told International Adviser.
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Glimmer of hope for Brexit-exposed insurers
Cross border insurance products sold in Europe could benefit from a Brexit clause drafted by the International Underwriters Association (IUA), giving some insurers peace of mind amid the uncertainty of the UK leaving the EU.
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South Africa taxman names and shames
Any suggestion that the South Africa Revenue Service (Sars) was making empty threats when it said it would convict and publicly name those who failed to submit outstanding tax returns has officially been put to rest.
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12 tips to keep DB transfer PI costs down
Professional Indemnity insurers have a problem with pension transfers, so broker Howdens has put together 12 things advisers can do to help mitigate the risks and the costs.