UK inheritance tax receipts up £100m
Despite taxman facing covid-related payment issues
Covid-19
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Disbelief as UK lifeboat scheme levy forecast to hit £1bn
As regulators also eye increase to FSCS management budget
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£3.4bn in property wealth released in 2020
Money was mostly used to boost financial resilience or make gifts to family
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FCA refuses to authorise more than 340 firms
As it prevents 12 financial advice companies from phoenixing
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Argentina passes ‘one-off’ wealth tax
To raise $3.5bn to pay the country’s covid-19 bill
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Advisers warned about social media risks
While UK regulator to send out third covid-19 financial resilience survey
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4,000 UK firms at risk of failure due to covid
As FCA warns around 30% have ‘potential to cause harm’ if they closed down
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CISI extends remote tests offering to all global candidates
Exams will be in English only with foreign language sessions planned for later in year
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What advisers should look out for in 2021
As a budget finally appears on the horizon
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Review of financial advice in 2020
Industry players weigh in on the year that will be remembered ‘for its impact on people’s wealth’
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Covid sparks savings drop for over 50% of UAE residents
Just 15% said that the pandemic had not changed how much they put aside
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UK adviser dies after becoming ‘hidden victim’ of covid
He was getting ready to sell his business after 30 years in the industry