7.4 million Brits unable to contact financial services providers
As only 36% of UK adults believe most firms are honest and transparent in the way they treat them
United Kingdom
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UK financial watchdog cancels regulatory permissions of digital bank
After the FCA found the firm ‘appeared to have provided investment products or services’ without authorisation to do so
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Financial planning firm acquires two UK advice companies
In a bid to expand its footprint across Britain
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Canada Life to revamp UK operation
Insurance company confirms technical director Andrew Tully will depart as part of restructure
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17% rise in number of families paying IHT
Average inheritance tax bill fell 1% to £214,000 in 2020/21 financial year
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Uprating frozen UK state pensions estimated to cost £4.6bn
Around 480,000 recipients of the state pension living overseas do not get increases
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UK watchdog investigating firms offering Will-writing and probate plans
After it received complaints that some are not complying with consumer protection laws
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32% of IFAs expect client fees to increase with Consumer Duty
As one-in-seven still feel unclear about advising clients on good customer outcomes
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UK financial planning firm becomes employee-owned
18 staff members now retain 60% of the company
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Inheritance tax receipts reached £2bn between April and June
A £200m increase from last year
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Two UK IFA firms fail
With the FSCS receiving claims related to pension advice transfers for both
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Brits may pay income tax when inheriting untouched pension pots
As the government considers new rules to replace the pensions lifetime allowance