HMRC to issue new tax avoidance scheme list
HM Revenue & Customs will publish a new list of reference numbers for tax avoidance schemes which may be subject to accelerated payment notices.
UK Adviser
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Pensions advisers slapped with £100m FSCS levy
UK-based life and pensions advisers are going to be hit with an annual levy that will almost double what was forecast in the Financial Services Compensation Scheme’s plan and budget.
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HSBC considers moving HQ outside UK
Banking giant, HSBC, is proposing to move its headquarters outside of the UK following regulatory reforms in the industry introduced after the financial crisis.
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IFA complaint investigation and handling firm launched
The first independent and impartial service which will investigate and handle complaints against UK based financial advisers has been launched.
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Nutmeg cuts UK stocks due to election risks
Online investment manager, Nutmeg, has increased its investments in European, Nordic and Japanese stocks in order to protect customer portfolios from risks ahead of the UK General Election.
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Half of UK IFAs only update clients once a year
Half of all UK financial advisers contact their clients just once a year regarding their investment portfolios, new research has revealed.
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Cash drawdown favoured option in UK pension reforms
Major UK pension providers have reported a surge in customer inquiries following the new rules governing access to their savings with most seeking to drawdown some of their cash.
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Sesame to close advisory network for investment advisers
UK financial services giant, Sesame Bankhall Group, is to sell part of its advisory network in a bid to return the business to profit, despite a 30% reduction in new complaints in the second half of last year.
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IFA jailed after stealing 465k from dementia
A financial adviser who used to work for British multi-national firm Legal & General has been sent to prison for five years after stealing more than £465,000 from a dementia sufferer.
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Code of good practice launched
A code of good practice for combating pension scams has been released by a UK industry group, with additional consultation coming from the QROPS sector.
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Scam fears grow as pension freedom day nears
Fears that unregulated financial advisers will step up the marketing of unsuitable products following the introduction of UK pension freedoms next week are growing.
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London and Capital unveils three investor visa
UK-based wealth manager, London & Capital, has launched three new investor visa services to support the changing and growing demands from its international clients.