FCA stops Montfort Intl from carrying out new pension business
Including where applications have not yet been submitted to product providers
Montfort International
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PEOPLE MOVES: Julius Baer International, Arlo Wealth, Intelliflo
Swiss firm names head of UK investment advisory, while asset manager hires private wealth director
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The challenges of pension transfers for clients in poor health
Financial advisers are often called upon to impart recommendations on a variety of pension transfers when clients are in poor health. This could be in the form of defined benefit (DB) pension transfers or transfers where safeguarded benefits are involved, such as guaranteed annuity rates. Even pension switches with a view to access flexible benefits…
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UK regulator shelves contingent charging ban for DB pensions
Industry split as contingent charging likened to commission
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How was the British Steel pension scandal allowed to happen?
A damning report from the UK’s Work and Pensions Committee has blasted the actions of some financial advisers who acted like “vultures”, and who “bamboozled” British Steel Pension Scheme (BSPS) members, raising questions about how this could happen in a post-RDR world?
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Qrops transfer rights secured but specialist advice essential
The UK government’s decision to make pension transfers into recognised overseas schemes a statutory right has been welcomed by the industry, but experts caution that advisers will need real expertise to ensure clients don’t fall victim to scams.
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Montfort told to pay back client for unsuitable Qrops advice
A UK IFA firm which specialises in advising Britons moving overseas has been ordered to compensate a client over “unsuitable” pension transfer advice.
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‘Questions need to be asked’ about the Rops list suspension
HM Revenue & Customs’ list of recognised overseas pension schemes (Rops) may be back, but the delay in issuing it has to be carefully analysed, says Montfort International managing director Geraint Davies.
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All Canadian schemes removed from HMRC Rops list
UK pension transfers to Canada have been effectively blocked after the three remaining Canadian recognised overseas pension schemes (Rops) were removed from HM Revenue & Customs’ (HMRC) list on Wednesday.
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storms ahead for the qrops industry
As 2012 comes to a close, Montfort International managing director Geraint Davies voices his concern that there could be trouble ahead for the overseas pension scheme sector…
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iom reacts positively to qrops proposals
The Isle of Man government and pension association have welcomed HM Revenue & Customs’ draft legislation on the QROPS regime.
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Kiwi advisers prepare QROPS submissions for government working party
Kiwi IFAs are likely to present evidence on QROPS ‘abuses’ to their government in the first quarter