DB paraplanner appoints liquidator after restriction strangles income

Paraplanning firm Heather Dunne Consulting has gone into liquidation after its principal restricted its pension transfer permissions. Adviser Heather Dunne founded the firm in 2002 to support advisers doing pension transfers and the firm’s biggest client was HDIFA. HDIFA is also run by Dunne but was placed on voluntary suspension in July 2017 when it was […]

business property relief

Tony Wickenden: More pressure on shielded UK business profits

HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]

Why protection acceptance rates need more promotion

The FCA recently published feedback on its Call for Input on access to insurance. While this was focused on the ability for people with pre-existing conditions to get travel insurance, it will have wider implications for the protection market – and rightly so. Too many consumers feel they are uninsurable, having been refused cover, even […]


PFS appoints Sanlam UK chief as president

Sanlam UK chief executive John White has been appointed as president of the Personal Finance Society for 2018/2019. White will be replacing Thornton Chartered Financial Planners managing director Sharon Sutton, who will step down following the completion of a 12-month term as president. Commenting on his appointment, White says his predominant focus during his term will be […]


Ex-UBS rogue trader’s deportation put on hold

Former UBS trader Kweku Adoboli, who had been convicted of one of the UK’s biggest frauds, has won a temporary reprieve from deportation to his native Ghana. Abodoli had left Ghana at the age of four and has lived in the UK since he was 12 years old. However, he never applied for citizenship. Adoboli […]


North-South divide shapes adviser investment decisions

New research from Aegon has revealed a North-South divide in the way advisers make their investment decisions. It finds the proportion of assets advisers are choosing to place in different types of investment strategies is also linked to levels of affluence. Advisers in the wealthier South place a higher proportion, 35 per cent, of assets […]

DWP clarifies how schemes should signpost pension complaints

The Department for Work and Pensions and The Pensions Regulator have attempted to clarify how schemes should direct members wishing to make a complaint or get more information. Earlier this year, TPO took on complaints adjudication powers previously held by The Pensions Advisory Service. However, schemes have reported confusion over whether they would have to […]

Lesley Titcombe

Pensions regulator promises tougher oversight for workplace schemes

The Pensions Regulator will launch a new approach to the way it supervises workplace place schemes from next month to safeguard members’ benefits better. An increasing number of workplace pension schemes will come under greater scrutiny from the watchdog through a range of interventions to address risks sooner. The changes result from TPR’s major review […]