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Wealth manager enters DB market with TVAS acquisition By Michael Klimes 7 th April 2021 6:00 am Wealth manager Arlo Group has entered the defined benefit market with its acquisition of Purely Pensions. Purely Pensions will remain directly authorised and offer transfer value analysis report writing to third parties, among other defined benefit services. Arlo Group also has an international advice arm that is split between UK clients and non-domiciled individuals. The deal remains subject to FCA approval. Arlo International managing director Jonathan Hives says: “We have invested into a company that have permissions to do DB transfers. This company has the Pension Transfer Gold Standard and it is absolutely critical you take correct advice. ....
19 th February 2021 7:46 am Good morning and welcome to your Morning Briefing for Friday 19 February, 2021. To get this in your inbox every morning click here. MPs demand answers on Woodford probe Treasury select committee chairman Mel Stride has said the FCA should set out a timeline to complete its Woodford investigation. The watchdog has confirmed it started the investigation into the Woodford Equity Investment fund the same month it was gated in June 2019. The FCA is also reviewing the actions of Link Fund Solutions, which acted as the authorised corporate director for Woodford Investment Management’s funds. In a letter from yesterday, Stride wrote: “The FCA should set out when we can expect its investigation to conclude.” ....
| UPDATED: 14:38, Wed, Jan 20, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Inheritance tax, CGT and other taxes may be radically overhauled in the coming months as Rishi Sunak is forced to address public spending. The Government has built up a huge debt to pay for the various coronavirus support measures and many are expecting the Chancellor to make announcements on this in the March budget. ....
Profile: ‘Greater access to information has forced financial services to clean up its act’ By Amanda Newman Smith 12 th January 2021 11:39 am The first step for many when buying a product or service these days is to trawl the internet looking at reviews or feedback left by previous customers. The power consumers have in shaping a company’s reputation through very public opinions is something Arlo International managing director Jonathan Hives sees as aiding regulation in financial services. Heading up the UK-based international advice arm of wealth management firm Arlo Group, Hives has seen regulation tightened up globally, not just in the UK. This has been good for UK expats who have been fair game to offshore advice firms that have used aggressive sales tactics to gain business, provide unsuitable advice and charge clients an arm and a leg for the privilege. ....