Tax & Regulation
UK regulator bans financial adviser involved in £4.5m fraud
He ‘used a web of deceit to encourage investments into bogus schemes’
Germany ‘bullies’ US airman over income tax
EU country is claiming contributions despite international agreements on army exemptions
UK watchdog proposes 1.6% rise in adviser regulatory fees
But, due to coronavirus, 71% of firms that pay minimum levies will see no change
Hong Kong regulator restricts asset manager
It had concerns about the firm’s fitness and propriety
PI premiums are back with a vengeance
One advice firm saw its 2020 cover rise by 400% despite no claims or DB transfers