UK pension transfer specialist O&M Pension Advice will cease advising clients from 1 July after it ran into “unexpected difficulties” with its professional indemnity (PI) insurer, a problem that is becoming more common in the advice market.
The Financial Ombudsman Service has ordered Nutmeg to pay a former client for “numerous mistakes” surrounding direct debits on his pension plan that were likely to cause irritation.
HM Revenue & Customs has updated its guidance on who can be considered enablers of tax avoidance and the penalties they will face when caught.
The Bank of England has raised a number of concerns about hidden risks in the UK fixed income markets, while underplaying the impact of quantitative easing on bond yields.
Advisers battling the complexity of the UK’s inheritance tax are being asked to contact the government’s Office for Tax Simplification.
The asset management industry could be looking for more than 400 new directors, but are the skills there or will the directorships be filled by a select few?
The UK financial regulator has released major plans to force intermediaries to pay 25% of advisers’ Financial Services Compensation Scheme (FSCS) bills, despite strong opposition.
Schroders has become the first asset manager to come under fire for its gender pay gap in AGM season, as a prominent activist tells others in the industry to prepare to face tough questions.
Financial Conduct Authority chief executive Andrew Bailey has listed the growth of decumulation products as a key issue for the regulator as it prepares to launch its retirement outcomes review.
The Bank of England has raised concerns about liquidity mismatch in open-ended corporate bond funds as market makers retreat from the asset class.
Aviva has been forced to issue another apology to advisers after they were wrongly sent a notification that the value of their clients’ portfolios had dropped by more than 10%.
Email marketing is one of the areas wealth managers are most interested to find information on in the lead up to the General Data Protection Regulation (GDPR), according to Personal Investment Management & Financial Advice Association (Pimfa). Senior policy adviser Giulia Lupato explains how to become fully compliant as the deadline approaches on 25 May.
