UK regulators team up to tackle pension scams
Just a quarter of Brits are confident about picking a pension product
Tax & Regulation
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France-resident UK nationals may need to regularise status
French senate drafts law in preparation for a hard Brexit, which deems Brits ‘third-nation citizens’
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PI woes predicted for small adviser firms after FOS award hike
Pimfa warns that move could act as a barrier to entry for smaller IFAs and widen the advice gap
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FCA to hike maximum ombudsman compensation to £350,000
Under the current limit, complainants suffer an aggregate financial harm of £113m per year
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Industry groups combine to build faster pension transfer framework
Consumers to benefit from better communication, common standards and greater transparency
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Tax pensions on death to make Budget add up, IFS tells gov’t
IFS suggests radical set of tax rises on wealthy retired to make UK tax system more efficient
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Pension freedoms could bring in £19.2bn of tax in next decade
Surging drawdowns may reduce overall tax take
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EU member states at risk of being added to tax haven blacklist
In the firing line are Ireland, Luxembourg, Malta and the Netherlands
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Work needed to improve cross-border advice industry, OMI says
Industry has a responsibility to call out bad behaviour
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Post-Brexit temporary permissions to last three years maximum
European funds in the UK to be given three-month ‘landing slot’ to apply for full authorisation
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Bank of England slams EU on cross-border Brexit plan progress
Pressing need for EU authorities to take action
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UK Treasury urged to probe FCA over Mifid II failings
Wealth management firm co-founder Gina Miller slams regulator as the ‘industry lapdog’