Prudential US fined $1m over inaccurate retirement plans
It sent incomplete information to clients which limited their investment choices
Fine
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Panama to set up beneficial ownership register
Nearly four years after 11.5 million documents were leaked from law firm Mossack Fonseca
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Dubai regulator fines defunct wealth firm nearly $250,000
After it was suspended for, among other things, illegally promoting an unregulated foreign fund
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Hong Kong regulator fines Fidelity and Adamas
SFC slaps asset managers with penalties for breaching regulations
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HMRC collects £9m in penalties for early Lifetime Isa access
Exit charge is ‘trying to drive the right behaviours’ but damages the brand of the savings vehicle
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Westpac fined A$9.15m over poor financial advice
Federal Court of Australia said former adviser breached best interest duties
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Convicted eco-investment fraudsters ordered to repay £20m
The ‘carefully-planned and complex attack on the tax system’ spanned from London to Dubai
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Investment firm fined £1.9m over ‘closet tracker’ funds
UK regulator said situation revealed ‘serious weaknesses’ in the company’s systems and controls
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How to pay pension annual allowance tax charges
As penalties collected by HMRC for 2017/18 skyrocket to £812m
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Dubai regulator referred to Financial Markets Tribunal
Ex-chairman of liquidated wealth management advisory firm disputes its findings against him
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South African regulator fines financial advice firm ZAR100m
After it blames ‘black swan’ event for one of its funds dropping 66% in less than a week
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Prudential hit with nearly £24m FCA fine
Company says it is ‘deeply sorry’ for failures relating to non-advised annuities sales