Tavistock to close troubled advice network Financial Ltd
Private investment firm Tavistock Financial said it will shut down UK advice network Financial Ltd, which it purchased earlier this year, and replace it with a new network.
Private investment firm Tavistock Financial said it will shut down UK advice network Financial Ltd, which it purchased earlier this year, and replace it with a new network.
Advisory network giant Sesame has topped the list again for being the most complained about advice firm in the UK, data from the Financial Ombudsman Service reveals.
Guernsey said it has licensed 45 more international insurance companies in the first six months of 2015, bringing the total number of insurers operating in the channel island to 816.
UK chancellor George Osborne has announced a 25% tax credit on all qualifying expenditure across the £1.4bn UK film industry, bringing it in line with TV tax relief.
Research by UK insurer Royal London has found that nearly 70% of savers who have taken advantage of the government’s new pension reforms since April have taken their money in a cash lump sum.
Financial services firm AES International has called for more clarity on advisory firms operating in the UK under European passporting rules.
Phil Loney, chief executive of UK life and pensions company Royal London, has sharply criticised the government’s proposed plans to overhaul the way pension contributions are taxed.
The UK government is targeting more individuals in the £10m to £20m wealth bracket for tax non-compliance investigation, according to accountancy firm Crowe Clark Whitehill.
Mark Carney has, according to the Sunday Times, told fund managers to prepare for a mass sell-off in stocks and bonds that could be triggered by a Bank of England rate hike.
Conjecture over the timing of the first UK rate rise is becoming almost as routine as the industry’s misplaced adaptation to the ‘abnormal’ 0.5% rate presently in place.
A plan by insurance and investment giant Legal & General which could see it shut down its headquarters in Surrey will impact severely on customers, a trade union for finance workers has warned.
Sanlam Private Wealth, the UK wealth management arm of South African insurer Sanlam Group, has launched a retirement income service aimed at tackling the twin issues of living longer than expected and the huge range of investment choices.