UK hikes ‘death taxes’ with new probate system
Probate fees capped at 0.5% and threshold raised to £50,000, however, industry remains sceptical
Tax & Regulation
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Quarter of over-55s unaware of pension tax, L&G study finds
Of more than 2,000 over-55-year-olds surveyed in the UK, 21% would be ‘shocked’ to pay tax on their pension
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Crown dependencies to comply with EU tax regulation
Guernsey and Isle of Man join Jersey to avoid EU tax haven blacklist
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Pension freedom users need to plan ahead, experts say
Advisers are ‘not educated enough’ to help over-55 investors
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Former financial adviser given two and half year sentence
Australian-based adviser pleaded guilty to five counts of dishonestly using his position as director
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Hong Kong to set new broker caps on the number of insurers
Aim is to limit the number of insurers that can be represented by a licenced agent or agency
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US to make annuity and life insurance contracts clearer
The move would ensure greater disclosure of information
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European investment managers oppose ESG regulation
Majority of 24,000 European investment professionals surveyed by CFA Institute against ESG-related regulation
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Pension freedom users in UK get £38m back in over-paid tax
Figures reveal a rise in tax repaid to individuals over-charged when making use of pension freedoms
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EU needs single anti-money laundering authority, says thinktank
New regulator needs power to levy huge fines to stop stream of scandals
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Jersey to fine individuals for breaking financial rules
Regulator can now penalise employees instead of just companies for breaches of Code of Practice
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Asia region funds passport finally set to launch
Passport will combine the fund markets of five Asia-Pacific countries to bolster cross-border vehicles