Simplifying the anti-money laundering process could deliver major benefits to advisers, providers and consumers.
Reliance Mutual is to acquire the £50m life assurance business of Eurolife, for an undisclosed sum.This acquisition represents 11,000 policies with £50m funds under management. The policies comprise whole life, term assurance and pensions, both conventional and unit linked. There are no with-profits policies being transferred.Following the transfer, the policies will be administered from Reliance […]
The Inland Revenue’s technical amendments to A-Day rules means investors avoid being tested against the lifetime limit twice, says Scottish Equitable pension development director Stewart Ritchie.
Standard Life has brought out the second issue of the secured capital plan, a capital-protected Oeic established under the European Ucits III legislation.
Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]