News

High net worth clients on the hunt for tax efficient savings vehicles following the Budget clampdown on maximum investment plans (MIPs) are likely to turn to enterprise investment schemes (EIS) and venture capital trusts (VCTs), the Prudential has predicted....

Guardian Wealth Management is to put some of its long-standing clients on a new panel which will meet regularly to discuss the future strategy of the group.

The Pensions Regulator (TPR) has spent almost £3.2m on external barrister fees over the past two years, with one-third of those costs spent on one legal case alone, figures show.

The Financial Services Authority's (FSA) proposed reforms to rules on self-invested personal pensions (SIPPs) do not go far enough to tackle malpractice, according to John Moret, director of MoreToSIPPs.

AIFA policy director Chris Hannant has criticised 'free rider' advisers who back the trade body's efforts and benefit from its work, but don't want to pay for membership.

Boal & Co has been forced to de-register its Isle of Man-based Trinity QROPS from 4 April. The move is due to Isle of Man tax legislation not changing in time for the 6 April 2012 transition to comply with new HMRC regulations.

Friends Life will continue to ‘regionalise' it's international operations and capitalise on RDR achievements to comply with increased regulatory constraints globally, confirms John Van Der Wielen, managing director of the firm's international businesses....

The Co-operative Group's planned purchase of over 600 Lloyds branches has been thrown into further uncertainty after its chief executive conceded it "may not go ahead".

The FSA's director of supervision at its conduct business unit, Clive Adamson, told an investor in the Arch cru funds that complaining to their IFA was the "best course of action" in order to get some form of redress, as the scandal broke in 2009.

Most advisers intend to retain their independent status post RDR, but this appears to clash with the plans of firm principals and network bosses, research suggests.