If UK chancellor George Osborne opts to introduce a new Isa-style pension system in next month’s budget it spells the end of the 25% tax free lump sum allowance, says Steve Webb, director of policy for Royal London.
Many financial advisers are not doing enough to “challenge the status quo” around the products and services they offer to clients, according to the Financial Conduct Authority.
The Jersey Financial Services Commission (JFSC) signed a landmark memorandum of understanding (MoU) with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Wednesday.
The Gibraltar government will create the jurisdiction’s first financial services ombudsman, following the publication of the Financial Services Ombudsman Act 2016.
The Irish Revenue has added a new section to its website offering guidance on tax avoidance arrangements as well as information on the tools available to tackle would-be tax dodgers, Tax-News.com has reported.
Despite forthcoming changes to the UK’s tax system, pensions will remain the most efficient form of savings, according to a study from the Institute for Fiscal Studies (IFS).
The Cayman Islands Monetary Authority (CIMA) said it is confident the European Securities and Markets Authority (ESMA) would complete its assessment of a second wave of nations for inclusion into the AIFMD passport system by June 30.
The European Securities and Markets Authority (ESMA) is seeking input on the technical implementation of a regulation to improve the governance and control of financial market benchmarking.
The Dubai Financial Services Authority (DFSA) has amended its rules for specialist property funds, and has begun a consultation on extending the range of transactions that it will offer online.
The Australian government has introduced new legislation to regulate commission payments made by life insurance companies to financial advisers.
The Swedish central bank’s surprise announcement that it has pushed interest rates further into negative territory is the latest piece in what is an increasingly worrying puzzle.
Trust-based schemes are being called on to improve their transparency and accountability following HM Treasury’s latest consultation on pension transfers and early exit charges.
