Archive | EU Rules & Regulations

Implementation of IDD deferred until October 1st 2018

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 […]

Continue Reading 0

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 […]

Continue Reading

“Hurricane of Legislation” to hit EU based advisers

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

Awards Won