Pension freedoms reform proposals ‘deeply controversial’
Capping the 25% tax-free lump sum could disincentivise people from saving into a pot
Tax & Regulation
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8,600 ads blocked in FCA crackdown on financial promotions
14 times more than in 2021
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DIFC overhauls family office regulations
Following the creation of a private wealth centre in August 2022
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FCA fines nearly triple in a year
While US regulator raked in record $6.4bn in penalties
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Pension tax refunds fall to £134m in 2022
Total value of overpayments since pension freedoms nears £1bn
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UK turns to industry to solve £26bn lost pensions problem
‘It is time for the DWP to get off the fence and take action’
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FCA extends asset retention rules for British Steel advice firms
As it writes Dear CEO letter telling pension providers to comply with information requests
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IFA firms slammed for ‘misleading’ ex-British Steel members
FCA deems move a ‘deliberate attempt to exclude them from participating in the redress scheme’
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FCA worried about ‘superficial and over-confident’ Consumer Duty plans
Industry cannot ‘take foot off the gas’ with only six months to prepare for the regulation
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FCA threatened with referral to financial regulator watchdog
IFA blasts ‘repeated mistakes, delays and bad leadership’ that harmed thousands of British Steel workers
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IHT freeze leads to record bills
Inheritance tax is no longer only an issue for the wealthy
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How advice businesses can integrate ESG strategies
As regulators emphasise the need to address sustainability concerns