‘Too many scandals’ prompt FCA to take action
Aim is to ‘ensure people can better navigate financial services to invest for the future’
Tax & Technical
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UK regulator netted £224m from enforcement action
Sum is slight decline compared to the previous financial year
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What will higher pension freedoms age mean for Qrops?
Thousands of schemes were removed from HMRC’s list amid compliance issues in 2015/16
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Small victory for mini-bond victims
As UK court greenlights legal action against lifeboat scheme
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Republican group calls on Donald Trump to change Fatca
As ‘Accidental Americans’ fundraise €20,000 for legal action against taxation system
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Advisers have no ‘risk appetite’ to carry out DB transfers
With nearly half considering leaving the space within a year
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HMRC received 73,000 tax evasion tip-offs
Whistleblowing on the rise as general sentiment against evaders hardens
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Bleak future for the trust sector, unless we return to basics
Trusts are a nightmare to unravel – often deliberately so
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Over £30m lost to scams in four years
Victims put off sorting out their finances for fear of being scammed again
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Pensions dashboard to cost providers ‘millions’
Inconsistency of data and information compliance could be the next big headache for the sector
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Expats in Spain risk tax residency if caught in covid lockdown
183 days remains the threshold even if people were unable to leave the country
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Accidental Americans fundraise for US legal action
Activist group to challenge ‘unconstitutional’, ‘exorbitant’ cost of renouncing citizenship