Pension freedoms withdrawals hit fresh low
Withdrawals under the pension freedoms have hit an all time low, reducing the need for emergency regulation or government intervention, an industry expert says.
Withdrawals under the pension freedoms have hit an all time low, reducing the need for emergency regulation or government intervention, an industry expert says.
The trading costs being disclosed by fund managers under Mifid II rules may be overstating the real cost of trading and remain a forecast figure for the next 12 months, a paraplanner has warned.
Four fraudsters who squandered the pension savings of 245 people have been ordered by the UK High Court to pay back £13.7m ($19.1m, €15.6m), the first time such an order has been obtained.
Cross border financial services provider STM Group has confirmed it is moving its headquarters from Gibraltar to the UK this month.
Globaleye’s head of business development resigns, Carrick appoints a strategic projects director to its board and Fidelity hires an ex-Pioneer man in the newly created role of global head of product.
Cross border insurers operating in Europe should take “some encouragement” from the positive developments in the UK and EU Brexit negotiations, an industry expert has said.
Some of the biggest names in UK retail are charging investors nearly double the ongoing charges figure (OCF) of their funds, Mifid II regulations have brought to light.
Tens of thousands of cryptocurrency investors in India have been sent tax bills, after a nationwide survey showed more than $3.5bn (£2.5bn, $2.8bn) worth of transactions in the alternative asset were made over a 17-month period.
Although last year brought “tough times” for Neil Woodford, the star fund manager said he will not back down from his contrarian positions but will attempt to provide greater clarity on his views to appease shareholders.
The UK High Court has ruled that communications group BT cannot change a pension scheme from the retail price index (RPI) to the generally lower consumer price index, placing more significance on an imminent government white paper on defined benefit pension schemes, a legal expert says.
Global leaders should do more to crack down on tax avoidance after figures revealed that global wealth rose $9.2trn (£6.6trn, €7.5trn) in the year to June 2017, with $7.6trn going to the top 1% who are not paying their fair share, Oxfam has said.
The UK Government is to publish a register of every ultimate property owner or buyer using overseas companies by early 2021.