19 July 2018


Phil Wickenden: HMRC intent on using new rules to catch tax offenders

A review of clients’ offshore arrangements will be very sensible in light of HM Revenue & Customs’ stated intent to get tough on hidden assets. Since the data leak from Panama in 2016, which exposed a web of secret offshore companies that individuals have used to hide wealth, evade taxes and launder money, fraud involving […]


Are you ready for the Insurance Distribution Directive?

Firms must change initial disclosure documents before the 1 October deadline This year has already been a challenging one for advisers, but with the delayed implementation of the Insurance Distribution Directive taking effect on 1 October, further regulatory change is just around the corner. New rules introduced by the IDD include upfront disclosures that firms […]

Tom Hegarty: Is GDPR a threat to businesses?

Two months into the new rules, advisers are still far from welcoming the change The General Data Protection Regulation came into force on 25 May. The new rules require personal data to be purchased lawfully and fairly and only collected for specified and legitimate purposes. It must be relevant and limited to what is necessary […]

Martin Bamford: Advisers agree on more than we admit

Harmony is a funny old thing. I have no doubt our profession is in agreement about more than we are in disagreement. A quick scroll through the Twitter feed of an adviser, or the comments section of any opinion piece written for Money Marketing, and you might beg to differ. But there does seem to […]

Tony Wickenden: Creating justifiable anxiety in higher-earning clients

Value lies in helping clients recognise threats and opportunities, then how to avoid or exploit them If you believe the future for face-to-face advice is centred on more complex challenges requiring expertise not generally available (or “Googleable”), then it will follow that the market for that advice will predominantly comprise higher and additional rate taxpayers. […]

Neil MacGillivray: Identifying the lifetime allowance headroom

Advisers need a detailed knowledge of the lifetime allowance test in order to confirm if clients will face a charge There is no limit on the total amount of authorised benefits a registered pension scheme can provide to its members. However, an individual has a single lifetime allowance in relation to the value of tax-privileged benefits […]

Compliance tip: How to avoid senior managers regime traps

It may seem quite a way off but the Senior Managers and Certification Regime implementation date will soon be upon us. Now is the time to start thinking about implementing the requirements into your organisation. Here are some of the common pitfalls to avoid: Losing sight of SM&CR’s purpose: The new regime is far more […]


Claire Trott: Wake-up packs should include advice voucher

Research conducted around wake-up packs show they still miss the mark As part of its Retirement Outcomes Review published earlier this month, the FCA looked into ways it could encourage those approaching retirement to engage with both the free government guidance available and with their pension provider. The regulator’s Occasional Paper 38 reports on the […]

Ros Altmann

Ros Altmann: Brexit uncertainty not over yet for advisers

Given all the turmoil in politics, I want to look at Brexit this week. Parliament is so engrossed in this ongoing drama that other policy issues are being pushed aside. The prime minister’s Chequers cabinet awayday produced a framework on which negotiations with the EU might be based, with proposals that would acknowledge the needs […]