Investment Association names first ever head of private markets
New role created to recognise the ‘increasing importance’ of private markets within the industry
Tax & Regulation
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PISCES private asset exchange gets FCA go-ahead
New exchange to launch later this year
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Advisers increasingly turning to trusts and onshore bonds amid IHT squeeze
Research from HSBC Life (UK) conducted in partnership with Technical Connection
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Schroders finds IHT pension pot grab front of mind for advisers
Advisers more bearish on markets
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IHT receipts continue to rocket as government eyes further hikes
£97m higher than the same period last year
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Schroders Personal Wealth finds three-quarters of people don’t understand IHT
Compounded by 40% of people not having a will
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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