IFAs like to think of themselves as the natural place for a consumer to turn for advice but research from Zurich suggests that the reality is vastly different. In a survey conducted by YouGov, only 16 per cent of consumers said they had an adviser. A further 27 per cent said they had previously had an adviser but not presently and 57 per cent said they had never taken financial advice.
That meant, broadly, that gains made under UK and offshore investment life insurance contracts will be taxed as non-trading credits under the loan rela-tionship rules. The original position has changed in a number of important areas. Perhaps the most important is that before the changes, all life policies effected by a company before March 14, 1989 (and which had not been subsequently enhanced) were outside the chargeable events legislation and would, in effect, produce a tax-free return for the firm.
New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.
Discretionary fund manager Brooks Macdonald has said that its in-house financial planning business remains a “major introducer” of funds into its investment solutions. Brooks offers independent, whole of market financial advice, along with managed portfolio services, multi-asset model portfolios, and bespoke investment options. In Brooks’ annual results released this morning, it says it is committed […]
Despite being around since the 1970s, index tracker funds did not have much love from investors until a decade ago, when Lehman Brothers crashed along with many people’s faith in financiers. The popularity of passive funds grew steadily and they went from a negligible market share at the beginning of the millennium to making up […]
IFAs want more clarity on environmental, social and governance investment products to be able to better communicate them to clients. A HSBC Global Asset Management survey of over 200 UK IFAs found that 57 per cent would like more ratings for ESG products. Concerns over diversity, human rights, consumer protection, and animal welfare are the […]