DeVere Group
DeVere accused of using unlicensed funds in South Africa
International advisory firm deVere has been accused of investing South African clients’ money in offshore funds which have not been approved by the country’s financial services regulator, according to a report by news feed Moneyweb.
Best Practice | 12 Apr 17
UK pension transfer risks rise for investors and advisers
The sharp increase in people transferring out of defined benefit (DB) pension schemes poses risks for investors and the industry, says Tom McPhail, head of policy at Hargreaves Lansdown. His warning comes as the UK’s pension transfer industry remains under close regulatory scrutiny.
DeVere Group launches new banking app deVere Vault
DeVere Group has launched a new banking app to coincide with its recently-unveiled plans for an investment bank on the offshore jurisdiction of Mauritius.
FCA stops pension transfers from 16 advice firms
Sixteen UK firms agreed to stop any activities related to pension transfers in the 12 months to January 2017, the Financial Conduct Authority has revealed.
DeVere’s Nigel Green to review Qrops unit in group restructure
DeVere Group chief executive Nigel Green has launched a strategic review of the company’s business which will factor in the surprise Spring Budget announcement of a 25% overseas pension transfer charge on Qrops plans in some markets and particular circumstances.