International stock markets have shrugged off news of North Korea’s successful nuclear test despite local markets falling on hearing the news.All Asian markets fell with the exception of Japan and Taiwan which were closed for public holidays, with the Korean market suffering the biggest falls.It fell by 2.4 per cent having been down 3.6 per […]
Socially responsible investments represent a compelling opportunity and a major growth area, say advisers. At the Money Marketing round table, Worldwide Financial Planning IFA Nick McBreen predicted there will be a surge in demand for green investments from the educated, wealth generators of the future. He said: “Green investments are the perfect vehicle for people […]
Norwich Union is the latest fund manager to move into the European commercial prop-erty fund sector. The Luxemburg-domic- iled fund is expected to be launched this quarter, subject to regulatory approval. Although a lead manager for the fund has not yet been named, it is understood that the portfolio will be run along similar lines […]
The Association of Member-Directed Pension Schemes has apologised to the FSA for attacking its “new requirement” for IFAs to carry out research into a client’s religious background when advising on alternatively secured pensions. In a speech last week, Amps chairman John Bradley said he feared it was a back-door attempt by Government to enforce a […]
Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.
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 […]