Sims Financial Planning has become the third adviser acquisition this year for consolidator Fairstone. Three staff will join Fairstone, bringing funds under management to more than £90m along with total fee income of almost £500,000. Sims is the latest firm to be fully acquired by Fairstone after joining its downstream buyout programme in July 2015. […]
The FCA is right to place long term savings and pensions as one of its seven core focus areas, but will have its work cut out to regulate the market, according to experts. In its business plan for the year ahead released this morning the regulator said work was in place to target high-risk and […]
Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
Pensions and financial inclusion minister Guy Opperman discusses the Government’s DB white paper. The new financial year always brings with it a sense of new beginnings, as new projects are started and plans for the year ahead finalised. This is an especially busy time for the pensions industry and as I look ahead to the […]
You may have clients holding UK and international bonds, both of which are subject to income tax under the chargeable events regime. With an international bond, investors benefit from growth that is largely free of tax as no UK tax is imposed on the income and gains in the underlying funds. However, under a UK […]
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