Could the UK shutter its non-dom regime?
Chancellor has asked the Treasury to review the impact of scrapping the tax status
Tax & Regulation
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PFS creates Consumer Duty guide for advisers
To help IFAs understand the FCA’s expectations for the incoming regulation
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‘Double tax trap’ risk from IHT and CGT changes
‘People could fall foul of the fiddly rules and not know they have an extra tax bill to pay’
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Just 8% of insurers comply with incoming Consumer Duty
But regulation could be ‘golden ticket’ to start doing things differently
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The Continental Group obtains licence to set up DIFC office
As the firm ‘gears up for the next growth cycle’ of its global expansion
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British Steel pension advice firm fails
12 claims have already been filed with the FSCS
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IHT receipts 14% higher than in 2021
Taxman has collected £4.1bn in the current tax year so far
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Spain to supercharge its wealth tax
Which could come into force as early as December 2022
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FSCS on the hunt for clients of two unregulated investment firms
To explore whether compensation could be deemed valid under its rules
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EU regulator eyes shake up of passporting rules
Following an increase in firms offering cross-border services to retail clients across the bloc
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Most advisers rely on portfolio performance to evidence value
This fails to measure the planning and emotional support that clients get from IFAs
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‘Deep freeze’ and tax cuts mean bad news for IHT and CGT
Chancellor Jeremy Hunt unveils ‘balanced plan’ to cope with record inflation and cost-of-living crisis