Will EU commission ban benefit advice clients?
As majority of financial professionals across the European Union believe it is unlikely to prevent mis-selling
Tax & Regulation
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IHT bill on track to exceed £7bn
As inheritance tax receipts for January 2023 totalled £578m
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SFC eyes tougher regulations for virtual asset trading platforms
In a bid to make sure investors are ‘adequately protected and key risks are effectively managed’
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How the sustainability disclosure requirements will impact DFMs
Concerns of vast swathes of assets chasing labelled funds and a threshold MPS will never meet
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Financial firms set up in DIFC grow to 590
As the UAE looks to ‘transform Dubai into one of the world’s biggest global financial hubs’
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Widow wins high court challenge after husband leaves her out of Will
He wanted to pass down his estate of over £1m to his two sons
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US watchdog eyes stricter regulations for advisers
To ensure they ‘don’t inappropriately use, lose, or abuse investors’ assets’
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Pressure mounts over MPAA reforms
But Treasury holds its ground despite growing number of over-55s breaching the tax-free contribution limit
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Forthplus-linked pension advice firm fails
While, separately, a Scotland-based financial planning business has also collapsed
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Accidental Americans appeal US lawsuit
Judge dismissed their argument that citizenship renunciation should not be subject to a fee
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Kingswood launches Aim IHT and ISA portfolio service
As RBC Wealth Management finds inheritance tax planning is top concern for HNW Brits
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IFA firm accused of misappropriating client funds
Around £1.5m was reportedly transferred to the personal accounts of the company’s sole director