Sipps
Retirement | 25 Apr 17
UK ombudsman blasts Sipp transfer into Ukrainian property fund
A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.
Momentum Pensions launches property Sipp
Malta-headquartered Momentum Pensions has launched a property Sipp product aimed at tackling the “lack of transparency in the property purchase market”.
Tax & Regulation | 12 Apr 17
UK advisers face extra FSCS levy despite fall in Sipps claims
The UK’s Financial Services Compensation Scheme (FSCS) may still impose an interim levy on life and pension advisers despite a fall in the average cost of Sipp-related claims.
Middle East | 10 Apr 17
IVCM on why Australia is still a ‘huge market’ for Qrops
IVCM’s Cameron Law talks about how British expats retiring to Australia and New Zealand can still transfer their UK pensions into a qualifying recognised overseas pension schemes (Qrops) without incurring the UK’s new 25% tax charge.
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.