Tax & Regulation
Bahamas to introduce 90-day minimum residency for tax status
Move followed criticism of the country’s residence-by-investment programme
UK financial regulator bans jailed wealth manager for life
Adviser is ‘not a fit and proper person to perform any function in relation to regulated activity’
Pension committee urges UK regulator to ban contingent charges
But the FCA said more work needs to be done before it can intervene
UK taxman collected record £5.4bn from IHT last year
Financial advice firm finds HMRC receipts have risen rapidly since 2014-15
UK ombudsman reports 14% rise in IFA complaints
It also logged a large increase in historical cases from over 15 years ago