FCA Consumer Duty ‘will sort the wheat from the chaff’
Regulator gives firms 12 months to implement rules aimed at improving client outcomes
Tax & Regulation
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£13.7m boiler room fraudsters jailed
They persuaded 800 victims to invest in a fund involved in the buying and selling of properties
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Ingenious suffers court defeat against HMRC over film schemes
Taxman can now collect £1.6bn in outstanding liabilities
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UK eyes overhaul of tax relief system
Parliamentary committee will look at whether its benefits for the economy justify the cost
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FCA and Meta to roll out stricter advertisement rules
‘We continue to see a considerable number of cases involving unauthorised firms and individuals’
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Two IFA firms fail
They also provided pension transfer advice to British Steel members
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Frozen thresholds see UK IHT take double in a decade
Latest figures show receipts hit £1.8bn in last three months
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FCA slammed over plethora of failures in British Steel scandal
It has ‘consistently been behind the curve in responding to unsuitable pension transfer advice’
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US insurer to pay $50m for misleading annuity clients
Regulator finds firm gave ‘false impression’ that quarterly statements listed all fees
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Take-up of pension advice and guidance ‘going backwards’
FCA data shows 40% of decumulation products were bought by DIY savers
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‘Unscrupulous’ online broker shut down for misleading investors
Victims reported losses of around £263,000
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£22m pension fraud duo jailed
275 victims lost most or all their retirement savings