Tax & Regulation
UK passes Pension Schemes Bill
Dashboard caused friction between house of commons and the lords
50% drop in firms with DB permissions in two years
Of the 1,310 companies giving pension transfer advice – 9% had no PI cover
FCA refuses to authorise more than 340 firms
As it prevents 12 financial advice companies from phoenixing
UK regulator rolls out DB transfer assessment tool
To examine financial advice given before October 2020
Argentina passes ‘one-off’ wealth tax
To raise $3.5bn to pay the country’s covid-19 bill