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News

Regulation

Adviser fined £117k and banned for UCIS mis-selling

A financial adviser has been banned and fined £117,330 for mis-selling unregulated collective investment schemes (UCIS).

clock 29 October 2012 •

Tax Planning

Call for rise in 40p tax threshold

A report is calling for the 40p income tax threshold to be raised to stop hundreds of thousands of extra people falling into the bracket.

clock 29 October 2012 •

Economics / Markets

UBS shake-up may see '2,000 City jobs axed'

Banking giant UBS could cut thousands of jobs in London as part of a plan to split its operations.

clock 29 October 2012 •

Investment

AE fuels need for 'specialist' pension exams

Advisers looking to break into the corporate pension market to serve SMEs' needs after automatic enrolment should consider taking specialist qualifications, according to the Pensions Management Institute (PMI).

clock 28 October 2012 •

Tax Planning

Clarke in married tax break gaffe

Cabinet minister Ken Clarke has backtracked after suggesting a tax break promised to married couples would not be implemented.

clock 28 October 2012 •

Regulation

MEPs oppose FSA on commission in MiFID vote

The European Parliament has voted against a ban on commission payments in Europe in a move placing it at odds with the FSA's stance under the incoming Retail Distribution Review (RDR).

clock 26 October 2012 •

Income

MGM Advantage confirms gender pipeline strategy

MGM Advantage has confirmed its annuity quoting structure and business model for the period leading up to the EU gender ruling on 21 December.

clock 26 October 2012 •

RDR

Zurich sets out RDR charging structure

Zurich has today released details of its Retail Distribution Review (RDR) charging structure and plans to close some of its products.

clock 26 October 2012 •

Economics / Markets

Cameron warned over GDP slip as watchdog urges review

The UK Statistics Authority has called for a review into the early release of sensitive economic data after Prime Minister David Cameron appeared to let slip details of Q3 GDP ahead of time.

clock 26 October 2012 •

Regulation

Adviser's FSA permissions rejected for hiding past convictions

An adviser has had his application to become an approved person rejected because of his failure to disclose past convictions and a prosecution for mortgage fraud.

clock 26 October 2012 •
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