February 2019
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  • Review flags 2018 as “fantastic” year for structured products

    7 February 2019

    2018 was “fantastic for structured products” despite the wild swings seen across financial markets, according to Ian Lowes, managing director of Lowes Financial Management, the firm which produces the annual Structured Product Performance Review. The review analysed the 381 structured products that matured in 2018. It found that not a single capital-at-risk product that...

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  • Dynamic Planner begins roll out of £5m ‘Elements’ software

    7 February 2019

    Dynamic Planner has announced a three year, £5m technology investment into the next generation of its software – Dynamic Planner Elements – which the company is rolling out over two years. The new iteration of the software is intended to help adviser firms deliver annual suitability reviews and charges disclosure under MiFIDII without leaving...

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  • Origo and Beyond Encryption launch new secure email messaging service – Unipass Mailock

    6 February 2019

    Origo has partnered with encryption and ID authentication specialist Beyond Encryption® to launch a secure email messaging system for advisers, clients, platforms and providers. Origo said the new service, Unipass Mailock, is GDPR-compliant and enables adviser firms to securely communicate with clients from their desktop, laptop, tablet and mobile phone. The secure messaging de-risks...

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  • HMRC pensions freedoms overtaxing decried as ‘shameless’

    6 February 2019

    HM Revenue & Customs has taxed pension savers over £400 million since the pension freedoms were introduced in 2015, new data has shown, with one commentator decrying the practice as “shameless”. HMRC routinely taxes savers using the emergency tax code when it does not have the correct tax code, resulting in large payments which savers...

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  • Paraplanner views: Transitioning – a better route to retirement?

    6 February 2019

    A recent article flagged the idea of phased retirement as a new and growing trend. We asked paraplanners whether transitioning rather than take a cliff-edge approach was new amongst clients and whether the evidence suggested it was a better route to retirement and what issues should be considered.  In a recent paraplanners survey we...

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  • Technical: Tax and the use of discretionary will trusts

    5 February 2019

    Kim Jarvis, technical manager at Canada Life, looks at the use and taxation of discretionary will trusts and how to navigate the first 10 years of exit charges. Discretionary will trusts can be an exceptional estate planning tool, but care needs to be taken when it comes to the charges. Planning is the key...

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  • Adviser firms missing intergenerational and legacy planning opportunities

    5 February 2019

    Adviser firms are not engaging with clients’ next generations, new research from Octopus Investments has shown, and so are missing opportunities.  Most adviser firms surveyed said they had an existing relationship with only 20% of their clients’ beneficiaries, while 58% said they were actively trying to develop these relationships. However, the overwhelming majority (95%)...

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  • Financial advice threats and opportunities

    4 February 2019

    Brexit is proving a contentious issue for the advice industry, with over half of advisers viewing it as a threat, while a quarter cite it as an opportunity. According to the latest research by Aegon, 51% of those surveyed saw Brexit as the biggest threat to the advice sector, while 27% viewed it as...

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