Dodgy transfers still out there warns FCA
The UK’s Financial Conduct Authority has issued a fresh warning on pension transfers following “increased interest”.
Pension
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UK investigates ‘defined ambition’ pension schemes
The UK Government is launching an inquiry into collective defined contribution pension schemes, also known as defined ambition, which are commonplace in the Netherlands, Canada and Denmark but not yet permitted in the UK.
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UK Gov’t outlines cold calling ban timeline
The UK Government is committed to banning pension cold calling and will bring forward draft legislation for scrutiny to ban the practice in early 2018, a member of parliament (MP) has confirmed.
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Pension cold calling ban one step closer
The UK’s House of Lords has demanded a ban on pension cold calling be included in the upcoming Financial Guidance and Claims Bill following revelations that cold calls have risen 180% in just 10 months.
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Why expats should treat UK property with caution
Property investment in the UK is now less attractive for expats than using a pension or investment wrapper, according to technical expert David Denton.
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Natixis makes Australia acquisition
Natixis Global Asset Management will acquire a majority stake in Australia’s Investors Mutual Limited (IML) to take advantage of the domestic retail market and A$2.3trn (£1.4trn, $1.8trn, €1.5trn) superannuation industry.
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Rigorous rules see OMW and CII partner on pension transfers
Tougher rules and a 100% increase in pension transfer enquiries has prompted Old Mutual Wealth (OMW) to launch a DB to DC pension transfer training programme in partnership with the Chartered Insurance Institute (CII).
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Portuguese expat pension tax tabled
Expat pensions transferred to Portugal could take a 10% hit under plans being considered by the country’s government.
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Back to basics: life insurance key part of financial planning
IHT planning, nil rate bands and replacing pension scheme death benefits are some of the reasons life insurance needs to remain a core part of financial planning, according to Chris Lean, a chartered financial planner with Aisa International. Click through the slides below to see six key reasons advisers need to speak to clients about…
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Analysis: UK Government needs to act quickly on cold calling
While welcoming the UK Government’s decision to resurrect a ban on pension cold calling, many industry figures have expressed concerns on how long it will take to implement.
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Ex-IFA jailed for stealing £1m from client pension funds
A former UK adviser has been jailed for six years and banned from being a company director for eight after he was convicted of stealing £1m ($1.29m, €1.1m) of clients’ money via a self-invested personal pension scheme he invented.
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Lloyds Bank may expand into pensions and wealth management
UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan.