The rise of pre-nups in the UK
Couples are now seeking certainty and clarity on their financial arrangements
Tax & Regulation
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Brits have £570bn in offshore accounts
But not-for-profit claims HMRC has no idea how much is tax evasion
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Hong Kong regulator issues warning to investors about NFTs
Firms reminded about licensing rules when marketing the asset as part of a collective investment scheme
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FCA silence adds insult to injury as Woodford scandal hits three-year mark
Watchdog ‘can’t keep delaying this report indefinitely’
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Nigel Green hit with ZAR 2.5m fine and ban in South Africa
As the former deVere business – now Brite Advisors – loses its financial services provider licence and is handed ZAR 10m penalty
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UK lifeboat scheme cuts 2022/23 levy to £625m
But compensation payouts expected to be greater than last year
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Ailo unveils vulnerability code of conduct
It will help members ‘evolve strong and consistent behaviours’ to confidently serve clients
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Protestors slam FCA’s ‘chronic and catastrophic’ failings
They also accused the regulator of being ‘morally bankrupt’ as they marched to Parliament
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BNY Mellon fined $1.5m for ESG ‘mis-statements’
Watchdog warns firms it will hold them accountable for inaccurate descriptions of products
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Ombudsman urges firms to settle claims quickly
It secured £22m in redress for consumers as part of initiative to tackle Covid backlog
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£500m IHT paid in April
‘The need to take advice has never been more important’
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Pension transfer red flag warnings hit record high
Rates have now risen for the last four consecutive months