UK pensions triple lock to make a comeback… for now
But ‘many pensioners face a difficult squeeze on their cost of living for the next 12 months’
Tax & Regulation
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Spring Statement 2022: what should advisers expect?
Speculation is rife ahead of Rishi Sunak’s speech on 23 March
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Inheritance tax receipts hit £5.5bn
‘Many people who would not consider themselves wealthy will now face a hefty bill’
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UK parliament unveils inquiry into British Steel pension scandal
FCA, ombudsman and lifeboat scheme to be questioned
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Financial Ombudsman Service increases compensation limit
As it adjusts awards in line with inflation
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Isle of Man tax avoidance promoter fined £150,000
It ‘used a series of tactics to try and frustrate’ HMRC
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British Steel pension transfer advice unsuitable in 47% of cases
Members have lost £18m in redress due to firms entering liquidation
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Trio banned by Hong Kong regulator
After they used false certificates to prove they had minimum requirements to apply to be insurance agents
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DB transfer red flags trigger 500 member interviews
But it is not yet clear if measures ‘are genuinely protecting consumers’
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UK expats returning from Ukraine may face large tax bills
HMRC asked to take a lenient approach towards individuals forced to come back to Britain
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FCA mulls ‘side pockets’ for retail funds with Russian assets
Option could help some suspended vehicles resume trading
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UK regulator rebukes LCF criticism
Bondholders have so far received £173m in compensation from various schemes