The European Commission is postponing the implementation of the Insurance Distribution Directive (IDD) to October 1st 2018, after widespread calls for it to be delayed. EU member states, including the UK, must still transpose the IDD legislation into national law by the original date, that was previously set down as February 23rd 2018. Now the […]
Archive | EU Rules & Regulations
OpesFidelio Review of 2017
By Shane Wood on 9.1.2018 in Aisa Financial Planning, EU Rules & Regulations, Must Read, OpesFidelio IFAs, OpesFidelio Strategy
Happy New Year and all the best for 2018 from everyone at OpesFidelio and the Aisa Group. What a year 2017 was for us, and we hope it was good for you as well. As we look forward to our new strategies kicking in during 2018 (more mentioned later) it is always worth reviewing our […]
Explaining PRIIPS
Packaged Retail Investment and Insurance-Based Products – PRIIPs Packaged retail investment and insurance-based products (PRIIPs) is a broad category of financial assets that are regularly provided to consumers in the European Union (EU) through banks or other financial institutions. The category is intentionally broad and is intended to cover all packaged, publicly marketed financial products […]
The impact of MiFID II and PRIIPS
Chris Lean, one of our senior financial advisers within the Aisa Group, has written the following piece that was published by International Adviser last week. Chris is based in the Czech Republic and works for the Aisa International branches of the company. As well as being a specialist in UK pensions, he is an active […]
“Hurricane of Legislation” to hit EU based advisers
By Shane Wood on 29.9.2017 in EU Rules & Regulations, Must Read, OpesFidelio in the Press, OpesFidelio Strategy
At the recent International Adviser’s Future Advisory Forum that was held in London yesterday the CEO of the Aisa Group, James Pearcy-Caldwell, that includes the OpesFidelio network, was testifying about the changes due to come soon in the European industry. He asserted that a “hurricane of difficult regulation” is about to hit the European financial […]
More on MiFID II
MiFID II will not be delayed according to Steven Maijoor of ESMA at the Futures Industry Association’s IDX Conference in London. In February 2016, the European Commission confirmed that MiFID II, initially scheduled to come into force in January 2017, would be delayed a year in order to “take account of the exceptional technical implementation […]
MiFID II and the future
At the OpesFidelio conference in Prague earlier in May, there was a discussion about the effects of MiFID II. While some referred to it as a “game-changer”, much as the introduction of RDR in the UK proved to be, I referred to it as a “potential show-stopper” for many adviser firms and was quoted as […]
New QROPS Adviser Best Practice
This article was originally published in International Adviser in March 2017. Many advisers woke up last Thursday morning (9th March 2017) aware that their pipeline business, and thereby possibly a big chunk of their living, had just been vastly reduced. Last week’s Spring Budget nailed QROPS but actually heralded an opportunity for quality advisers, as […]
Feedback on the QROPS 25% tax shock announcement
James Pearcy-Caldwell, CEO of the Aisa Group that includes the OpesFidelio network, made these comments to International Adviser in reaction to last week’s shock announcement from the Chancellor that there would be the imposition of a 25% tax on QROPS transfers under certain circumstances. http://www.international-adviser.com/gallery/1034708/industry-views-qrops-hammer-blow/page/2 There are though specific conditions under which the 25% tax […]
EU Rules on PRIIPS not affected by Brexit
However you voted in the EU Brexit referendum, there will always be some legislation that is to the benefit of the consumer that is to be welcomed by all sides of the debate and these are PRIIPS. PRIIPS The rules on packaged retail and insurance-based investment products (PRIIPS) come into force as at December 2016. […]
