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FCA takes action on ‘advisory firms’ spread betting sales

The FCA is looking to impose stricter rules for firms selling risky spread bets and rolling spot foreign exchange products. The regulator said it had concerns about unsuitable advice being given by intermediaries operating in the ‘contracts for difference’ space, including high commissions, and was doing further supervision of these ‘advisory’ firms. The FCA says: […]

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Reading the small print on treatment of death benefits

Sam and David have been friends all their lives. They live next door to each other, work at the same company and socialise together. They are both married and each have two young children. Looking to the future, they are keen to make sure that, in the event of their deaths, their respective wives would […]

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FCA relaxes cross-subsidy rules to boost access to advice

The FCA plans to change its adviser charging rules for vertically integrated firms in a bid to encourage more firms to invest in developing advice services. A quarterly consultation paper,published today, says the proposed change follows a Financial Advice Market Review recommendation to consult on guidance around cross-subsidisation rules and their interpretation. The rules were introduced […]

Treasury to scrap tax relief on employee shareholder status

The Government will abolish tax advantages for shares awarded under the “employee shareholder status” due to evidence suggesting it is mainly being used for tax planning. The measure means the capital gains tax exemption and the income tax and National Insurance contributions relief for shares awarded under Employee Shareholder Status agreements will be closed down. […]

The return of emerging markets

Ewan Thompson, Head of Emerging Market Equities, Neptune Although in political terms 2016 will be remembered for the seismic shocks of the Brexit vote and Trump’s presidential victory, the year was also a watershed for the global economy and emerging markets in particular. Following five years in the wilderness, the conditions are now in place […]

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