The FSA has fined UBS 100,000 for failures in its systems for reporting transactions in financial instruments from May 1999 to October 2005.In July UBS Wealth Management made a suspicious transaction report to the FSA. Following a review of the report by the regulator it was established the transaction had been incorrectly reported as a […]
Commercial pressures and new technology have forced a sea change in the way that advisers are choosing to receive training and development support, according to Sesame head of proposition delivery Andrew Oliver. Analysis by Sesame among advisers has highlighted a shift in preferences for how people receive training and while face- to-face workshops continue to […]
Royal London Private Equity Partners is changing its name to RJD Partners as its four principals buy the firm. The four principals of RJD Partners, chief executive David MacLellan and directors John Dillon, Richard Caston and Duncan Johnson are increasing their shareholdings to 85 per cent with former parent mutual insurer Royal London maintaining a […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
Paraplanning firm Heather Dunne Consulting has gone into liquidation after its principal restricted its pension transfer permissions. Adviser Heather Dunne founded the firm in 2002 to support advisers doing pension transfers and the firm’s biggest client was HDIFA. HDIFA is also run by Dunne but was placed on voluntary suspension in July 2017 when it was […]
HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]
The FCA recently published feedback on its Call for Input on access to insurance. While this was focused on the ability for people with pre-existing conditions to get travel insurance, it will have wider implications for the protection market – and rightly so. Too many consumers feel they are uninsurable, having been refused cover, even […]