Schroders Personal Wealth finds three-quarters of people don’t understand IHT
Compounded by 40% of people not having a will
Tax & Regulation
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Two thirds of platforms lacking CGT support for advisers
Failing to offer advisers ‘holistic CGT planning support’
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Jump in FOS complaints to 141k is ‘an unnerving trend’
49% higher than the same period the year before
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Quilter says IHT gifting rule used by just 2% of estates will spike in popularity
Just 1,490 estates have used the strategy
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FCA AI service will ‘enhance client trust’ in the technology
A regulated testing service will provide a ‘safety net’
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Investment industry calls for clarity as FCA ‘pauses’ SDR rollout for MPS
Regulator will prioritise other work around multi-firm reviews and Consumer Duty
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FCA to launch AI testing service
Open to feedback on the plans until 10 June
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Pensions minister says 13 million pension pots to be consolidated
‘There are now more small pension pots in the UK than pensioners’
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Probate delays and IHT demands forcing advice clients to sell investments
Some clients even had to borrow money
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IHT take jumps again as annual total reaches £8.2bn
An increase of 10.8% on the same period between 2023 to 2024
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Cuts to IHT relief on AIM shares set to make gifting more attractive
Will raise an additional £110m a year for HMRC
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FCA sets out further CCI consultation on fee simplification
Final CCI rules will be set out in late 2025