FCA to half adviser guidance guarantee levy
The Financial Conduct Authority (FCA) has proposed giving advisers a 50% reduction in the levy to fund the Government’s guidance guarantee service.
UK Adviser
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London Capital tells US expats to prepare
London & Capital has urged Americans living in the UK to begin preparing for complex tax planning issues as the US approaches the end of its tax year.
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UK investor visa threshold doubled to £2m
Earlier this month the Home Office doubled the minimum threshold for a UK investor visa to £2m, but there are now concerns the measure, and a further tightening of surrounding rules, will negatively impinge on investment into the UK.
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NY beats London as top financial centre
New York is the world’s number one centre for finance, according to a survey of 300 financial services professionals.
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FCA review of in house funds reveals
An FCA review of the use of in-house investment products by wealth management and private banking firms, while largely positive, has revealed some weaknesses in client communication.
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One fifth of clients not commercially viable rdr
A significant number of financial advisers in the UK have shed more than 20% of their clients because they are no longer commercially viable in the post RDR world, research by online platform Rplan has revealed.
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Horizon targets returns through
Horizon Asset Management has launched a new fund which aims to use the severe shortage of housing in the UK to achieve long term growth.
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UK FATCA rules what resident non doms
International law firm Withers summarises the new reporting requirements for UK resident non-domiciliaries under the so-called “mini-FATCA”.
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Chase de Vere fined 560k for Keydata sale failings
Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 over the sale of Keydata products.
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Have pension will travel
Expatriates looking for greater income freedom and estate-planning options for their UK pension savings will no longer need to transfer to a qualifying recognised overseas pension scheme (QROPS) and wait for 10 years. These freedoms will be available back home within six months without having to transfer overseas.
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Good value products needed for small
Income drawdown is “unlikely to be suitable” for pensions under £50,000 in the current market, the Financial Conduct Authority’s (FCA) director of policy has said.
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IFA jailed for stealing 200k from clients
A former financial adviser has been jailed for two years after “callously” conning clients out of almost £200,000