UK regulator to simplify platform switches for investors
And stop clients from disinvesting before changing provider
Tax & Technical
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EU calls on America to fix Fatca
As it criticises the US for not reciprocating by signing up to the common reporting standard
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UK taxman overtaxed more than 460,000 people last year
And they were forced to submit refund claims to get their money back
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Footballers fail to recover film scheme losses from banks
Court found that the case was unlikely to succeed
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Are pre-nups a wealth management tool?
While the contract has been criticised as ‘unromantic’, it can make financial planning easier
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IFAs still confused by nil rate band rules
Some are uncertain about tax penalties and what the limit is for gifts
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High earners face fines over unreported pension contributions
‘Shocking saga around the annual allowance for pension tax relief gets worse’
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Celebrities win £263m case against HMRC over investment scheme
Footballer Wayne Rooney and comedian Jimmy Carr among 675 investors
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Landmark ruling on foreign power of attorney
As England and Wales court recognises most orders made abroad
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Income drawdown jumps 99% in five years
With Brits withdrawing £18.5bn from pension pots in 2018/19 alone
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‘Accidental Americans’ take Fatca fight to EU
Some MEPs argued the European Commission was putting politics over citizens’ rights
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Decades of pension savings lost in a flash
As two-thirds of Brits would trust someone offering financial advice out of the blue