Pension industry hopeful after rumours of tax allowances review
‘These need an urgent overhaul, particularly at a time of rampant inflation’
Tax & Regulation
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Blacktower granted Cayman broker dealer licence
It was already authorised to carry out full securities and investment business in the country
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Aviva tops pension complaints list
But just 24% of cases were upheld in H1 2022, Ombudsman data shows
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South Africa perplexed by ZAR 90bn of unclaimed assets
Most of which sits in retirement funds in part because of inadequate record keeping by intermediaries
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Morgan Stanley fined $35m for client data failures in US
Personal information of 15 million wealth customers was allegedly not disposed of properly
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Regulation to force ‘wave of M&A activity’ in Middle East wealth market
While advisers in the region turn to DFMs to streamline investment offering
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Wealth tax scrapped in Spanish region of Andalucia
‘Shrewd move’ will encourage more HNWs to flock to territory
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AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
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How to serve US clients abroad
Some firms find them ‘too costly and complex’ to have as customers
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Advice firm with links to Portugal fails
UK lifeboat scheme has received 25 claims against the company
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What should expats consider before moving to the US
Flexibility of financial plans are key for clients
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Triple lock earnings component set at 5.5%
As industry awaits the September CPI figures to confirm next year’s state pension increase