United Kingdom | 28 May 15
Financial industry concerned over FCA complaint reforms
A user group of representatives from the UK financial services industry has expressed concerns over the additional workload and costs likely to be created by the Financial Conduct Authority’s proposed reforms to the way complaints are handled.
UAE and HK investors shunning advice
Only a small minority of investors in the United Arab Emirates and Hong Kong will seek financial advice this year, despite the risk of missing out on large returns, this year’s Schroders Global Investment Trends Survey has revealed.
Tax & Regulation | 28 May 15
New Zealand KiwiSaver schemes fall off HMRC QROPS list
The number of New Zealand-based pension schemes on the latest HMRC approved list, released on 19 May, has dropped to 34 from 57, with KiwiSaver schemes notably absent from the remainder.
FEIFA announces partnership with Guernsey’s Cavendish
The Federation of European IFAs (FEIFA) has announced a partnership with Guernsey-based pensions provider Cavendish Corporate Investments PCC (Cavendish).
Portugal-based UK expats miss vital tax change
Many UK expats based in Portugal have retained their trusts, even though the Government introduced a tax of 28% on trust distributions from 1 January 2015.