3 December 2015

Roderic Rennison: The importance of detail

The pressures placed upon the owners and senior managers of personal investment firms have continued to grow as a result of changes brought about by regulation. What some have failed to appreciate is what the consequences could be as a result of not paying attention to the detail when dealing with the regulator, as well as […]

Danby Bloch

Danby Bloch: Examining the Autumn Statement small print

Now the dust has settled on the Autumn Statement, it is worth taking a closer look to see how it has affected financial planning. George Osborne may have got lucky with some rosy estimates of his expected tax take and could well get away with his giveaways in tax credits and elsewhere. Or he could […]

China-Asia-Boat-Hong-Kong-Victoria-Harbour-700x450.jpg

Can emerging markets weather the China storm?

Emerging markets have significantly underperformed their developed counterparts over the last one, three and five years. Year-to-date to the end of October, the MSCI Emerging Markets index has fallen 9.5 per cent in US dollar terms, while the MSCI World index for developed country stocks has returned 0.3 per cent. Emerging market equities continue to […]

1

Tony Wickenden: Getting to grips with the residence nil-rate band

Over the past couple of weeks I have been comparing pension-related headlines with the reality of the legislation supporting them and discovering some pretty big differences. Another misleading headline is the one that claims no couple with a combined estate of less than £1m should have to pay inheritance tax. There is detail to consider. What […]

FSCS-Piggy-Bank-500x320.jpg
5

Advisers warn undercharging risks higher FSCS bills

Charging ultra-low advice rates for lower-value clients risks undermining the profession’s reputation and will lead to higher compensation payouts, advisers have warned. The Treasury launched the Financial Advice Market Review in an effort to tackle the growing advice gap caused by the RDR and firms increasingly focusing on wealthier clients.But advisers say firms that charge […]

Hugh Young: The rise of corporate governance in Japan

The scandal at Japanese optics and healthcare company Olympus in 2011 served to highlight the historically poor standards of corporate governance in Japan. Olympus’s then British chief executive Michael Woodford became whistleblower, revealing a £1.1bn accounting fraud he alleged had been taking place since 2006. Woodford was fired because he wanted Olympus to come clean […]

Andrew Tully: The calm before next year’s pension storm

It was a novelty to have an Autumn Statement that did not have a fundamental impact on the pension landscape. However, it still introduced a number of smaller ticket items that will affect many people, as well as clear indications that more major developments are on the way. To simplify the administration of automatic enrolment […]

Technology-Computer-Binary-700x450.jpg

Platform focus: Cofunds is not out of the woods just yet

Cofunds found itself in choppy waters in Q2 this year, following rumours of a sale. Significant institutional outflows stunted net sales as a result but, as we approach the end of the year, the platform has steadied its ship. At the beginning of November, Legal & General quashed the rumours in a statement that confirmed […]

UK-Currency-Money-Notes-20-GBP-700x450.jpg
2

FOS payout cap hike could hit PI costs

An increase in the Financial Ombudsman Service compensation cap for small businesses could hit advisers’ professional indemnity insurance premiums. In a discussion paper published last month on small businesses, the FCA outlined options for expanding the criteria for FOS complaints. It said as a result the maximum award limit might need to be raised from […]

Ros Altmann
1

Govt eyes master-trusts clampdown amid auto-enrol fraud concerns

The Government is eyeing a clampdown on trust-based pension schemes amid concerns lax rules around setting up master-trusts and poor controls on withdrawals are leaving auto-enrolled employees vulnerable to fraudsters. The trust-based auto-enrolment market is dominated by Nest, The People’s Pension and Now: Pensions but estimates put the range of registered master-trusts between 70 and 100. […]