UK lifeboat scheme cuts 2023/24 levy to £270m
But FSCS says it continues to see increasingly complex firm failures within the Sipp and DB pension advice areas
Tax & Regulation
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Young Brits think more long-term about dating than investing
FCA wants investors to ‘re-think their approach’ to the financial markets
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Inheritance tax receipts raise £600m in one month
UK government’s ‘proverbial golden goose looks set to continue to deliver’
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Canada Life creates professional trustee service
In a bid to ‘relieve the onerous requirements for advisers and their clients’
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AMP hit with A$24m fine for charging deceased customers
Several subsidiaries continued to charge premiums and fees on their super accounts
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FCA praised for opening direct bond access to retail investors
This follows the regulator publishing an engagement paper on non-equity securities
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Third IFA firm reprimanded over unsolicited offers to ex-BSPS members
As FCA sends ‘Dear CEO’ letter about companies using online portals of third-party actuarial providers to calculate redress
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UK regulator issues warning to three DFM senior managers
FCA says they were allegedly involved in a ‘coordinated arrangement’ which led to ‘customers suffering financially’
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UK financial regulator secures £130,000 to return to investors
They were victims of unauthorised investment arrangements and advice
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Lifeboat scheme investigating another British Steel advice firm
Company is currently in liquidation
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Brazil unveils changes to tax rules
Trusts included for the first time
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Jersey plans to increase minimum tax for new high-earning residents
Threshold would rise to £250,000 under legislation proposed