IFAs set for loyalty bonus as Saunderson House sale pulled
IFG Group has put up a loyalty bonus valued at £3m to retain adviser talent after it pulled Saunderson House off the market.
Regions
-
-
AJ Bell warns of pensions overtax pitfall
Ad-hoc pension withdrawals could be overtaxed in the new tax year by thousands of pounds, AJ Bell has warned.
-
FCA hits advisers with 4.2% fee hike
The Financial Conduct Authority (FCA) is planning to raise adviser fees by 4.2% for the upcoming financial year as it looks to cover EU withdrawal costs.
-
Utmost to buy Aegon Ireland’s int’l investment bond business
The consolidator parent of Utmost Wealth Solutions has announced its intention to acquire the international investment bond business of Aegon Ireland – just days after the Irish operation was sold to another provider.
-
FCA will ‘absorb’ Brexit-related costs
The Financial Conduct Authority (FCA) says its next annual budget and business plan will make explicit the costs associated to Brexit that it will have to absorb, news that will likely be welcomed by the financial services industry.
-
UBS Wealth launches sustainable portfolio
UBS Wealth Management has launched a cross-asset portfolio in Asia based on sustainable investing that aims to mirror the firm’s traditional strategies.
-
FCA targets cryptocurrency advisers
The Financial Conduct Authority has set its sights on those offering and advising on cryptocurrency derivatives, saying there will be consequences if they do not comply with current regulation.
-
Woodford pharma darling proposes de-listing and liquidation
Abaco Capital, a pharmaceutical company majority-owned by Neil Woodford, has announced its intention to cease trading on the Aim exchange and enter voluntary liquidation after failing to make a mandatory takeover bid.
-
OMGI inks US and LatAm distribution partnership
Old Mutual Global Investors has entered into a relationship with a recently established, Miami-based, third-party distribution firm, as part of its commitment to the US offshore and Latin American regions, the firm said.
-
Two in three still confused by pension freedom rules
Despite being three years since HM Revenue & Customs introduced the pension freedoms, two out of three people over the age of 55 say they are still confused by the regulations.
-
ANZ fined A$3m for advice client review failings
Australia’s ANZ Bank has been fined for charging fees but providing no service after the country’s financial watchdog found it had failed to produce documented annual reviews to more than 10,000 financial advice customers over a seven-year period.
-
Whistleblower in HSBC tax evasion case set free after arrest
A whistleblower who leaked more than 100,000 records from HSBC’s Swiss private banking arm, which led to tax evasion probes across the world, was arrested in Spain but released a day later.