Govt proposes FCA enforcement overhaul
The Government has proposed a revamp of the FCA’s enforcement process to deter wrongdoers and to protect both consumers and the UK markets.
The Government has proposed a revamp of the FCA’s enforcement process to deter wrongdoers and to protect both consumers and the UK markets.
A financial adviser who was sentenced to four years imprisonment after he conned elderly clients out of £130,000 has been banned from the industry for life.
The Gibraltar Financial Services Commission (FSC Gibraltar) and the Swiss Financial Markets Supervisory Authority (FINMA) have reached an agreement ensuring the mutual oversight of cross border alternative investment fund managers.
The FCA has said there is little evidence to suggest the Retail Distribution Review (RDR) has caused any major decline in the availability of financial advice, and has in fact had a positive impact overall.
Almost all of the £29m in disputed tax due from the first group to receive accelerated payment notices has been recovered by HMRC.
Capital Platform International, has unveiled a new proposition to increase the ease and efficiency of investing in alternative products.
Salamanca Group has appointed a new head for its Geneva-based trust and fiduciary office to strengthen the team during turbulence in the Swiss trust industry.
The date of a hearing which will make a final decision on the action taken against a financial adviser who “recklessly” sold high risk investment products to clients in the UK has been pushed back to next year.
MP Margaret Hodge has accused accounting firm PwC of “selling tax avoidance on an industrial scale”.
The number of calls to HMRC’s tax evasion hotline has increased by almost a quarter over the past year, however, very few calls are exposing large scale tax evasion.
The OECD has said the UK's new flexible pension system will need to be continually reformed to ensure retirees do not run out of money.
Questions remain over whether or not the full flexibility of the UKs new pension rules will be afforded to QROPS after the Taxation of Pensions Bill passed through the House of Commons earlier this week.