Tax & Regulation
LTA freeze to put £2bn in Treasury coffers
Consumers are being ‘punished’ for saving into a pension amid high inflationary environment
Eight UK firms enter liquidation after regulatory action
The FCA issued consumer warnings and restrictions against them throughout 2021 and 2022
Two UK wealth firms fail
FSCS has already received claims against both companies
Swiss-Asia AM fined HK$3m for regulatory breaches
It failed to monitor record keeping and trading activities in discretionary accounts
FSCS backtracks on advice firm failure
As liabilities may fall onto another company that is still in business