FCA writes to platforms over interest on cash balances paid to clients
UK watchdog wants to understand how firms have considered their approach to this in line with the Consumer Duty
Tax & Regulation
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Just under half of HNW Brits not taken advice on IHT planning
As majority of UK adults planning to pass on wealth in their lifetime have not considered how and when to do this
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FCA enforcement activity drops in last financial year
Cases opened against firms and individuals fell by 67% and 33%, respectively
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Tax paid by non-doms rises 8% in 12 months
With an average individual paying £123,000 in the past year
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Singapore to lure more single family offices
As number of firms in the market tops 1,100
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Australia sets up task force to disrupt investment scams
It is an ‘important step towards protecting’ investors in the country
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Trade body tells advice firms not to be ‘Consumer Duty Zombies’
As it marks 28 days until the deadline to comply with the regulatory regime
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FCA widens retail investors and pensions access to LTAFs
UK regulator is seeking views on whether the FSCS protections should be available for Long Term Asset Funds
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Another IFA banned from providing advice on pension transfers
FCA has also prohibited him from holding any senior management function in a regulated firm
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How UK advice clients should plan for a Labour government
Brits with savings can make decisions now to protect their wealth for the future
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Which property taxes can clients expect in a move to Europe?
‘Nothing is simple if they choose to keep their old UK main home after moving abroad’
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UAE financial watchdog rolls out rulebook
It will be a ‘key reference’ for professionals involved in the sector