UK MPs call for independent pensions commission
A committee of UK MPs has recommended that the next Government establishes an independent pensions commission to advise on future policies.
UK Adviser
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Former FCA exec Clive Adamson joins Pru
The Financial Conduct Authority’s former director of supervision, Clive Adamson, is to join Prudential’s UK business, according to media reports.
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Two thirds of Britons oppose HMRC
Two thirds of Britons are opposed to the UK Governments ability to demand the payment of disputed tax without passing through the court system, a poll released today has found.
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Isle of Man to facilitate insurance-linked deals
The Isle of Man has announced the launch of its Insurance Special Purpose Vehicle (ISPV) legislation to cover transactions involving catastrophe bonds, industry loss warranties and other collateralised reinsurance structures.
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Ex IFA jailed for 3 5m FX Ponzi scheme
A former independent financial adviser has been sent to prison for 10 years after running a £3.5m Ponzi scheme which fuelled his lavish lifestyle.
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Avoidance promoters to face 1m fines over
HM Revenue & Customs has ramped up the rules around tax avoidance schemes with “high risk” promoters now facing fines up to £1m.
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Brandeaux sells Liberty Living to Canada
Brandeaux has sold its troubled property portfolio, Liberty Living, to the Canada Pension Plan Investment Board for £1.1bn allowing it to return nearly all of its shareholders money.
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Women are less risky investors research reveals
Women prefer less financial risk than men, a new study has revealed.
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Aviva and Friends Life boost profits
British insurers Aviva and Friends Life Group, which agreed a £5.6bn merger last December, have both reported better-than-expected annual profits for 2014.
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Trail commission ban to slash
The UK regulators banning of trail commission in 2016 could result in over 15,000 advisers losing their job, a report by the former director general of the association of IFAs has predicted.
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Record year sees Schroders AUM hits 300bn
Schroders assets under management has hit the £300bn mark, the firm announced in its 2014 results.
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UK retirees looking to relocate abroad rise by 10
Financial vehicles such as QROPS are encouraging a rising number of over 50s to seriously consider moving abroad, research by the largest independent financial advisory organisation in the world has revealed.