Tax crackdown sees 60% surge in revenue
HMRC’s clampdown on tax avoidance and evasion saw the amount collected from mass affluent taxpayers soar by £137M according to a report from Pinsent Masons.
UK Adviser
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Bank of England vows not to gold plate Solvency
The Bank of England has reassured insurance companies that they will not be hit with enormous additional capital requirements when the long-awaited Solvency II regulations come into force next year.
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SJP sees FuM soar following Henley acquisition
St Jamess Place saw its funds under management read record highs last year, driven in part by its acquisition of The Henley Group.
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Old Mutual preps for pension reforms
Old Mutual Wealth has appointed two pensions specialists to its UK specialist sales teams as it prepares for this years reforms.
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ExSchroders analyst joins OMGI
Old Mutual Global Investors has appointed a former Schroders employee to work as an analyst for its Dublin-domiciled umbrella fund.
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RBS shortlists banks for Coutts Intl sale
Several banks have been shortlisted for the second round of bidding for Coutts International.
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IFAs lodge appeal against High Court Keydata
An appeal has been lodged by three financial advisory firms to overturn a decision made by the High Court to pay Keydata clients compensation before a legal battle with the Financial Services Compensation Scheme (FSCS) has been resolved.
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Opportunity to be found in pensions sector
The pensions changes announced in last years budget have already resulted in plummeting annuity sales in the UK market and a host of new products, but according to a new white paper by Altus, the continued lack of understanding around pensions represents a significant opportunity for advisers.
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Coram names UCITS range
Coram Asset Management has finalised the details of its three flagship funds as the firm kicks off its 2015 expansion drive
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DeVere partners with insurance broker
DeVere has partnered with a UK-based insurance company to offer specialist insurances to its clients around the globe.
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FOS to cut annual budget by 13 amid
The Financial Ombudsmen Service (FOS) will cut its budget by 13% over the coming year as it looks to develop its services.
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Steve Webb proposes trade in pension policies cash
Retirees could be given the option to trade in their annuities for cash if plans are given the go-ahead.