UK taxman outlines tax avoidance enabler hitlist
HM Revenue & Customs has updated its guidance on who can be considered enablers of tax avoidance and the penalties they will face when caught.
IFA
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DFMs to stump up for advisers’ FSCS bills
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.
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Standard Life Wealth eyes MPS platform migration
Standard Life Wealth (SLW) has launched its managed portfolio service on two third party platforms in a bid to take advantage of the increasingly commoditised IFA space.
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Faulty Aviva platform sends advisers false 10% drop warning
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%.
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Progeny launches multi-asset ETF portfolio
A multi-asset ETF product that is only available through financial advisers has been launched by Progeny Asset Management.
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Ticking time bomb for advisers outsourcing investment
Markets are creating a ticking time bomb for advisers outsourcing investment business to discretionary investment managers under the agent as client model with a downturn likely to highlight shortcomings that have previously been ignored.
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IFAs among 24 firms FSCS declares in default
Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.
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Disgraced adviser admits perverting course of justice
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has admitted perverting the course of justice.
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Advisers brace themselves to explain Mifid II transaction charges
The disclosure of transaction charges from fund managers owing to Mifid II has seen portfolio advisers bracing themselves for some potentially tricky discussions with clients.
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Advisers face uncertain 2018
Advisers are facing political, economic and regulatory uncertainties, according to the European Financial Planning Association and the UK’s Personal Finance Society.
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Advisers argue over riskiest asset class for 2018
Advisers are split over which asset classes will fare best during the next year, with both growth and defensive sectors named as a cause for concern in a survey by Royal London Asset Management (RLAM).
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UK advisers drift towards greater risk
UK investors in balanced portfolios could lose as much as 20% following a significant market correction as financial advisers gravitate towards higher risk profiles within their standard portfolios, according to Natixis Investment Managers’ latest UK Portfolio Barometer.
