Lifeboat scheme U-turn over British Steel mis-selling scandal
FSCS offers additional compensation to those ‘let down’ by Active Wealth
Tax & Regulation
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UK regulator admits adequacy of advice still a concern
Number of people investing up but risk of ‘poor value’ services still high Click through the slides below to see the key concerns flagged up by the Financial Conduct Authority.
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Regulator warns CEOs about unfair and misleading marketing
UK watchdog sent a letter after concerns about potential ‘unlawful’ promotion of financial products
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American expats could avoid income tax on foreign earnings
The bill proposed by Republicans aims to shift to away from citizenship-based taxation
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Pension cold calling ban is ‘only part of the solution’
UK companies may face fines of up to £500,000 but overseas firms are exempt from the ban
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UK committee to tackle ‘scourge of contingent charging’
DWP issues call for evidence from people who have taken DB pension transfer advice
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19 firms stop giving pension transfer advice in the UK
Nearly 5,000 transfers were carried out in four years, but this ‘is not surprising’ expert says
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China’s Robin Hood tax mission
The government to cut taxes in 2019 for the poor and go after the wealthy
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Third of Australian financial planners to be wiped from sector
New laws and education requirements could see thousands of professionals out of the industry
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‘Fraudulent’ financial adviser jailed for eight years
He used £4.5m of his victims’ money to fund an ‘extravagant lifestyle of foreign travel, top hotels and gambling’
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HK court orders boiler room fraudsters to reimburse investors
Some 14 investors fell victim to scams by three unlicensed financial services firms
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The Netherlands creates its own tax haven blacklist
The list of 21 jurisdictions, 16 more than the EU, includes the Isle of Man, Jersey and Guernsey