UK Gov’t launches review of financial advice industry
The British Government has announced a major review of the regulatory and legal framework governing the whole financial advice industry.
The British Government has announced a major review of the regulatory and legal framework governing the whole financial advice industry.
A challenge to the legality of HM Revenue & Customs’ accelerated payment notices has been rejected by the High Court.
The European Securities and Markets Authority (ESMA) has recommended that six countries should be among the first wave of non-EU countries to get access to a Europe-wide passport under the Alternative Investment Fund Managers Directive (AIFMD).
Advisory firms should not “rule by fear” and put undue pressure on staff if they underperform against sales targets, the Financial Conduct Authority has said in new guidance issued on Monday.
A Mauritius-based stockbroker owned by troubled offshore fund group Belvedere Management has had two of its licences suspended by the island’s Financial Services Commission.
The Australian Government has announced a full scale review of the country’s main financial regulator to assess its performance and see whether it has adequate capabilities and systems.
Crown Dependency disclosure facilities set up to offer individuals the opportunity to disclose any overdue payments or irregularities have yielded “surprisingly” low returns for HMRC, according to Pinsent Masons.
HM Revenue & Customs has won a legal battle against a £29m offshore tax avoidance scheme where money was supposed to fund research into brain disorders.
The independent panels of the FCA have questioned the regulator over its handling of the UK advice gap created following the banning of commission payments to advisers in 2012 as a result of the Retail Distribution Review.
The UK tax office has decided to offer pension savers the ability to protect their entitlement to £1.25m lifetime allowance when a new lower limit is introduced on 6 April 2016, but is looking at changing the way individuals register for the protection.
HM Revenue & Customs has proposed strengthening the ‘hallmarks’ it uses to identify inheritance tax planning arrangements but has excluded certain types of trusts used alongside life assurance policies.
The Serious Fraud Office is to cut its budget by 35% over the next financial year, despite a rise in the number of new investigations opened during 2014-15.