Calls for judicial review into FCA as investment trust sector faces extinction
Cost disclosure regulation has been called ‘illegal and irrational’ amid an ’emergency situation’ for investment companies
Tax & Regulation
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South African regulator to revamp trustee e-learning platform
First set of modules will be launched in September 2023
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UK taxman collects £2.6bn from IHT receipts in 3 months
Bereaved families are ‘increasingly filling government coffers’ due to frozen thresholds.
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HMRC paid over £500,000 to whistleblowers last year
Up 75% from five years ago
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Nearly 50% of Brits haven’t spoken to advisers about inheritance tax
With 60% not knowing how much money they could leave their loved ones before IHT is incurred
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How important is anti-money laundering compliance for advisers?
As the UK regulator steps up efforts to crackdown on financial crime
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28% of HNW Brits have no measures in place to address IHT
Many more people will be impacted by inheritance tax in the future
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FCA halts plans for simplified advice following ‘limited’ industry support
As regulator pushes on with review into advice/guidance boundary
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‘Home loan’ IHT avoidance scheme escapes double tax charge
But scheme did fail to save any inheritance tax
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Advisers expect a drop in profitability due to Consumer Duty
Outsourcing ‘elements of the value chain can ease the heavy lifting’
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Tax reliefs ‘have been abused’, say UK MPs
As treasury committee welcomes a ‘comprehensive and systematic review’ of the regime
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SimplyBiz parent company reveals double acquisition
In a bid to bolster its offering for advisers