UK government commits to ‘unsustainable’ pension triple lock
Calls for system to be assessed to find a ‘fairer way’ to raise the state pension
Tax & Regulation
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Just 15% of HNW Brits believe they should pay more tax
Chancellor Jeremy Hunt is likely to announce changes in the upcoming Autumn Statement
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Consumer Duty needed to restore ‘failing public confidence’
FCA chief executive wants the regulation to help bring down FSCS levy and number of FOS complaints
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Consumer Duty to force wealth firms to rethink business models
While white paper says the regulation will bring adviser-platform relationship closer
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What to expect from the UK Autumn Statement 2022
IA examines the potential tax and pension changes that could be announced by chancellor Jeremy Hunt
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LTA freeze to put £2bn in Treasury coffers
Consumers are being ‘punished’ for saving into a pension amid high inflationary environment
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Eight UK firms enter liquidation after regulatory action
The FCA issued consumer warnings and restrictions against them throughout 2021 and 2022
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Two UK wealth firms fail
FSCS has already received claims against both companies
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Swiss-Asia AM fined HK$3m for regulatory breaches
It failed to monitor record keeping and trading activities in discretionary accounts
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FSCS backtracks on advice firm failure
As liabilities may fall onto another company that is still in business
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Four fraudsters sentenced over £5.4m gold mine investment scheme
They told 340 victims they could expect 250% returns plus bi-annual revenue payments
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Australia delays financial adviser register
They will have an additional six months to sign up to the regulator’s portal