PEOPLE MOVES: UBS, Novia Financial, IoMFSA
Wealth manager names CEO, as platform announces c-suite departure
United Kingdom
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Administration-hit IFA and DFM businesses sold
There were four formal offers for the companies
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Trustee firm loses appeal against tax charges on Ark pension schemes
Decision will result in ‘significant tax consequences’ for members
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FSCS backtracks on financial planning firm failure
As liabilities may fall onto another company that is still in business
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Financial planning firm bolsters private client arm with acquisition
Deal will expand the company’s offering across the south west of England
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Life insurer to roll out income protection product
It will be made available to advisers
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Duo arrested in Ponzi investment scam investigation
Multiple victims across the UK have reported losing varying sums of money
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Novia Financial co-founder sets up advice company
It will target ‘lower-value’ clients with less complex needs
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Schroders subsidiary buys Northern Ireland-based IFA firm
Deal is the company’s second acquisition in the country
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HMRC opened 25 tax fraud investigations into HNWs in 2022
UK government ‘is likely to continue to invest in this high-end form of tax enforcement’
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Parmenion adds Iboss portfolios to adviser platform
This includes 32 models spanning a range of risk grades
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Global accountancy firm snaps up financial services company
Acquired business offers a range of services including wealth management and financial advice