Offshore Investment

National IFA Positive Solutions has accepted it made a mistake when one of its former advisers recommended a client invest in troubled Harlequin Property - and has offered to pay back the amount invested with interest, IFAonline understands.

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TAX PLANNING

Nominations are now being accepted for Best Fund Service Centre.

Axa Wealth's total sales increased by 68% over the first six months of the year, while the firm saw strong growth in assets on the Elevate platform and specialist multi-manager business Architas.

Claire Whitelegg, Deputy Director Funds and Investment Services - Supervision Division, Isle of Man Financial Supervision Commission explains the new standard for Isle of Man Financial Advisers

A survey of almost 300 Harlequin investors suggests up to 95% were not made aware of the risks of investing in the troubled overseas property company by their agents or advisers.

The pound could be further devalued following Mark Carney's taking office as governor of the Bank of England, with devastating effects for pensioners living abroad, a national IFA group has warned.

The recent defeat by HMRC to levy a 55% tax on investors in a delisted Qualifying Recognised Overseas Pension Scheme (QROPS) is likely to see a further tightening up on overseas pension transfer rules.

The European Fund and Asset Management Association (EFAMA) says recent developments are in danger of scuppering proposals which aim to increase investor protection of Packaged Retail Investment Products (PRIPs).