Tax & Regulation | 23 Jun 15
FCA rejects call for fee freeze, hikes adviser rates
The Financial Conduct Authority (FCA) has rejected calls for a freeze in its fee hikes and has confirmed a 10.2% increase in 2015/16 for financial advisers.
Retirement | 23 Jun 15
QROPS interest grows following UK pension ‘frustrations’
Advisers have reported a growing interest in QROPS as expats grow increasingly “disappointed and frustrated” with the inability of UK providers to accommodate April’s pension freedoms.
UOB Asset Management to roll out three RQFII funds
The Singapore-based firm said it will launch an RMB Onshore Money Market Fund, an RMB Onshore Bond Fund and an RMB Onshore Equity Fund in the coming months
Investment | 23 Jun 15
FOS warns of jump in inquiries over UCIS advice
UK customers invested in unregulated collective investment schemes (UCIS) are increasingly questioning the advice they were given after being alerted by a new rule change, the Financial Ombudsman Service (FOS) has warned.
United Kingdom | 23 Jun 15
HMRC tax evasion property raids rise by a fifth
The number of raids on premises carried out by HM Revenue & Customs during investigations into tax evasion has increased by nearly 20% from 500 in 2013/14 to 593 last year.