Investment industry calls for clarity as FCA ‘pauses’ SDR rollout for MPS
Regulator will prioritise other work around multi-firm reviews and Consumer Duty
Tax & Regulation
-
-
FCA to launch AI testing service
Open to feedback on the plans until 10 June
-
Pensions minister says 13 million pension pots to be consolidated
‘There are now more small pension pots in the UK than pensioners’
-
Probate delays and IHT demands forcing advice clients to sell investments
Some clients even had to borrow money
-
IHT take jumps again as annual total reaches £8.2bn
An increase of 10.8% on the same period between 2023 to 2024
-
Cuts to IHT relief on AIM shares set to make gifting more attractive
Will raise an additional £110m a year for HMRC
-
FCA sets out further CCI consultation on fee simplification
Final CCI rules will be set out in late 2025
-
Majority of advisers interested in specialist IHT support
Only half (52%) believe their firm is ‘very experienced’ in IHT planning
-
Nine in 10 advisers involve clients’ family in ‘great wealth transfer’ planning
Research by Quilter Cheviot and the Lang Cat
-
VCTs see third best fundraising year on record
Figures complied by Association of Investment Companies
-
FCA and Treasury launch consultation on streamlined regime for asset managers
Including bespoke rules for investment trusts and VCTs
-
Alpha FMC: Regulation, AI and private markets to shape asset & wealth management growth
With AI adoption and expansion into private markets shaping the industry, companies embracing transformation will be best positioned for the future