7.4 million Brits unable to contact financial services providers
As only 36% of UK adults believe most firms are honest and transparent in the way they treat them
Industry
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UK financial watchdog cancels regulatory permissions of digital bank
After the FCA found the firm ‘appeared to have provided investment products or services’ without authorisation to do so
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Financial planning firm acquires two UK advice companies
In a bid to expand its footprint across Britain
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Canada Life to revamp UK operation
Insurance company confirms technical director Andrew Tully will depart as part of restructure
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17% rise in number of families paying IHT
Average inheritance tax bill fell 1% to £214,000 in 2020/21 financial year
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Aussie regulator starts civil penalty proceedings against Vanguard
Accusing the asset manager of ‘misleading conduct’ in relation to claims about ESG
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International expat advice group receives Cyprus licence
It is a ‘crucial step and milestone for the growth of our EU business’
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GBST acquires financial planning software solution
To expand its ability to offer both digital and hybrid advice to the global wealth market
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Uprating frozen UK state pensions estimated to cost £4.6bn
Around 480,000 recipients of the state pension living overseas do not get increases
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UK watchdog investigating firms offering Will-writing and probate plans
After it received complaints that some are not complying with consumer protection laws
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Malaysia’s Aiiman and Bank Islam form alliance
To broaden access to Shariah wealth offerings
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Spain reportedly axes 6-month absence rule for losing temporary residency
Change ‘could result in a huge amount of confusion’