Momentum waives QROPS transfer fee
Pensions provider Momentum has waived set-up and first year fees for clients looking to move their existing QROPS products following a surge of requests in the run up to Aprils UK pension reforms.
UK Adviser
-
-
Accountants lose court battle over
An accountancy firms appeal against a Financial Ombudsmen Service (FOS) decision which ruled it was liable for advising clients to invest into a now-blacklisted tax avoidance scheme has been dismissed by the UK courts.
-
Nutmeg may consider expats for new pension
Investment manager Nutmeg has launched an online pension, and may look at opening it up to investors living in key expat jurisdictions.
-
Exfinancial planning exec admits to insider trading
A former financial planning manager has pleaded guilty to “opportunistic” insider trading after netting £30,000 from the deals.
-
ABI warns UK is not ready for pension reforms
The UK government’s failure to clarify fundamental details around pension reforms has left the industry unprepared for the changes, according to the Association of British Insurers.
-
Investors rally against firm after £9m losses
Hundreds of investors who lost around £9m in an allegedly fraudulent investment scheme are uniting to try to get their money back.
-
MP pledges new corporate tax evasion law
Companies should be fined for assisting tax evasion, the UK’s chief secretary to the Treasury has said.
-
FCA ramps up inquiries by 20 per cent
The UK’s financial watchdog carried out 20% more investigations last year, however, the number of inquiries being closed without reaching a public outcome has doubled in three years.
-
Standard Life returns to profit in Asia
The Asia and emerging markets division of Standard Life returned to profitability last year after a £5m ($7.7m, 7m) slump in 2013.
-
RSA exits joint venture in Indian insurer
UK-based firm, RSA Insurance Group has finalised a deal to sell its stake in an Indian insurer for £46m ($71m, 62m).
-
SIPP holders can now claim full losses
UK consumers who suffered investment losses after being advised to transfer funds into a self-invested personal pension (SIPP) can now claim compensation for the value of their investment.
-
IFAs pay 52m for Keydata failings
Financial advisers have so far paid £52m in damages for recommending products from failed life settlement provider, Keydata Investment Services.