HMRC bags record £14.3bn in capital gains tax
A 42% increase from the 2019-20 financial year
Tax & Regulation
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Scrap emergency tax on drawdown payments, advisers urge
Lifetime and money purchase annual allowances also under fire
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Regulator sets out three-pronged approach to fight pension scams
It expects industry to think of ‘innovative ways to protect savers now and in the future’
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FCA bolsters supervision of appointed representatives
Many principal firms ‘do not adequately oversee’ their activities
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Harlequin boss found guilty in £226m property investment fraud case
Several thousand victims lost pensions and life savings
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Victims of bad pension transfer advice to receive more compensation
Proposed changes in calculation will apply to British Steel members as well
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FCA mulls broadening retail access to long-term asset funds
Certain investors would need to show they understand the risks and redemption periods before investing
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Shakira set for trial in £12m Spanish tax fraud case
Prosecutor has asked for an eight-year prison sentence
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Ex-financial adviser jailed for three years
She was previously sent to prison in 2009 for stealing from her clients
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FCA tightens grip on promotion of high-risk investments
Watchdog will act if product marketing is ‘unclear, unfair or misleading’
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Savers urged to take advantage of ‘generous’ pension tax relief
1970s-like economy should not refrain clients from preparing for their retirement
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France to limit Fatca data sharing with US
Members of parliament overwhelmingly voted in favour of the resolution