Tax & Regulation
UK ombudsman unveils pensions dishonesty unit
To investigate breaches of trust, misappropriation of funds and fraud by scheme trustees
UK regulators join forces to improve outcomes for consumers
It is a ‘significant step forward’ for the industry
Property firm shut down after taking £1.1m from investors
They were promised ‘misleading’ fixed returns
Swiss trust law ‘exciting development’ for wealth market
Industry believes it may take a while for the structures to gain international recognition
Regulatory reprimand for firms seeking to skirt liabilities
FCA particularly concerned about schemes involving consumer redress