Dubai regulator suspends wealth management firm’s licence
Action comes a week after it secured a $52,500 fine from an ex-insurance intermediary boss in a UK court
Tax & Regulation
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Radical industry shake up proposed by Aussie Royal Commission
Changes range from criminal action in ‘fees for no service’ cases to creating a single disciplinary body
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Advice business exits industry after flurry of complaints
UK ombudsman upheld a complaint in December against the firm over defunct Greyfriars fund
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FCA granted transitional powers for ‘no-deal’ Brexit
UK’s financial regulator urges firms to start preparing now to comply with obligations
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IFAs hit with £175m compensation scheme bill
Sipp complaints drive adviser levies up £45m, rise slammed as ‘unacceptable and not sustainable’
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Lack of financial advice causing legal headaches
Bad IHT planning can lead to unnecessary tax charges, family disputes and legal costs
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Luxembourg fund association to tackle ESG ‘greenwashing’
Sustainable investing, Brexit and growth of the fund industry are high on Alfi’s agenda for 2019
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HMRC grabs over £400m extra from pension freedom users
UK taxman forced to repay over £30m in Q4 2018, showing little improvement has been made
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MetLife takes $210m hit over failed pension payments
Insurer fined nearly $20m for not paying more than 13,000 people over 25 years
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Dubai regulator secures $52,500 fine through British courts
Insurance intermediary boss failed to pay after firm was caught advising clients outside the DIFC
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Has HMRC become an unstoppable beast?
UK taxman was given greater powers in 2012, but a House of Lords report says they go too far
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Warning over legal protection for UK pension dashboard users
Calls to set up an independent government body with ‘clear statutory remit’ to protect consumers