UK non-doms drop 11%
Changes to the regime ‘could have a significant long-term impact’ to the British economy
Industry
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Interest on overdue IHT payments soars to 6%
It has more than doubled in a year
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US in the news: Janney names head of wealth management
A round-up of people moves and M&A deals across North America
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Nucleus buys Sipp provider for £242m
Combined group will have £80bn in assets under administration
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£1.1m Ponzi scheme fraudster jailed for three years
He told victims that the investment was ‘virtually risk free’
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Why I became a financial adviser…
Paul Griffiths was in the restaurant industry before joining Alexander Peter Wealth Management
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Hong Kong life industry set for 2023 boom
Sector is expected to grow to $73bn within three years
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PFS president resigns following CII directors debacle
She accuses the Chartered Insurance Institute of using ‘bullying and intimidation tactics’
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PE-backed IFA company makes first acquisition of 2023
It has completed five deals since receiving private equity investment in March 2021
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Five charged over roles in $45m global Crypto scheme
‘Defendants enriched themselves while defrauding tens of thousands of retail investors’
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Nigel Green fine and ban overturned
South Africa regulator handed him a ZAR 2.5m penalty and five-year debarment in May 2022
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Number of fines issued by the FCA doubled in 2022
As the UK regulator looks to take a more ‘proactive and assertive approach’