A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.
Malta-headquartered Momentum Pensions has launched a property Sipp product aimed at tackling the “lack of transparency in the property purchase market”.
The UK’s Financial Services Compensation Scheme (FSCS) may still impose an interim levy on life and pension advisers despite a fall in the average cost of Sipp-related claims.
IVCM’s Cameron Law talks about how British expats retiring to Australia and New Zealand can still transfer their UK pensions into a qualifying recognised overseas pension schemes (Qrops) without incurring the UK’s new 25% tax charge.
Sixteen UK firms agreed to stop any activities related to pension transfers in the 12 months to January 2017, the Financial Conduct Authority has revealed.
A new UAE-UK double tax treaty, which came into force on 1 January, means that British expats over 55 residing in the Gulf state can cash out their full pension pot entirely tax free, according to David Denton, head of international technical sales at Old Mutual Wealth.
Complaints about self-invested personal pension scheme (Sipps) investments not matching client risk appetites declined by a third over the past two years, according to new figures obtained by UK IFA firm Salisbury House Wealth.
International IFA firm Alexander Beard has unveiled a euro-denominated self-invested personal pension (Sipp) aimed at British expats living in France.
Novia Financial has launched a transfer value analysis system (TVAS) service to help advisers compare the pension benefits under defined benefits (DB) schemes with the Novia self-invested personal pension (Sipp).
Complaints about self-invested personal pension schemes (Sipps) have increased, according to latest figures from the UK’s Financial Ombudsman Service (FOS).
Bank House Investment Management, the personal wealth division of the UK-based Bank House group, has been barred from carrying out business such as advising on investments after an investigation by the regulator into its pension transfer business.
Nearly two years after the UK pension freedoms were introduced, the British government believes the current massive scale of scamming activity surrounding the industry warrants new laws to limit the rights of savers to transfer money out of existing schemes for their own protection.
