UK adult children missing out on a pension tax loophole
Parents can give their grown offspring a ‘triple boost and improve their long-term financial security’
Tax & Technical
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Many UK retirees lose out on tax and investment incentives
Because they are accessing the pension freedoms without advice
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IFAs already struggling to find PI cover
But increasing cost could go against Financial Advice Market Review objectives
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UK taxman to stop fraudsters using ‘spoofing’ tactics
Scams mimic HMRC’s helpline numbers to steal money from taxpayers
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UK foreign property ownership register criticised
Parliamentary committee laments the presence of ‘loopholes’ in draft legislation
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Aussie law firm officially files class action against AMP
It is seeking compensation for fund members who paid ‘unreasonable fees’
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American investment adviser charged with fraud
Clients were charged more than $350,000 in excess ‘fees’
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Italy offers working expats 90% tax relief
Will be open to more people regardless of their profession or qualifications
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Advisers risk being blindsided by lesser-known legislation
Square Mile flags significant lack of awareness and understanding of product suitability rules
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EU removes three jurisdictions in blacklist update
One has been named fully compliant while two have been ‘grey-listed’
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France considers pulling out of Fatca
Move dependent on negotiations to avoid double taxation for French American citizens
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UK compensation scheme declares 21 firms in default
Customers could now get back the money they have lost