FCA set to yank unused permissions from advice firms
It no longer has to wait 12 months to take action
Tax & Regulation
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Complaint deadline looms for British Steel victims
Regulator says come forward or miss out on compensation
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UK advisers worried about Consumer Duty rules and guidance
Industry told to ‘seriously start looking’ at processes and ‘consider’ impact of the incoming regulation
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The issue with providing ‘reverse solicitation’ to EU clients
Regulators across the bloc have started to scrutinise the practice by UK advisers
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Former Australian adviser faces 17 charges
He was permanently banned from the industry for an unrelated matter in 2016
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2.5 million UK adults to be dragged into higher rate tax band
But ‘now have a much bigger incentive to put more money into their pensions’
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Over £1bn of Russian assets frozen in Jersey
While less than £5m has been seized in Guernsey
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Investors warned about crypto and NFT risks
FCA reiterates the assets are unregulated and there are ‘no consumer protections’
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EU regulators scrutinise Priips ‘poor practices’
And set out expectations on how information needs to be presented to retail investors
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Five ex-directors banned over unsuitable pension advice
They have also been fined over £1m in total
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20% of advisers ‘in the dark’ about FCA Consumer Duty
Some don’t even believe ‘it will add any value to consumer outcomes’
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Pension savers recoup more than £22m in tax
As ‘clunky’ and ‘complex’ system blamed for overpayments