Tax & Regulation
Radical industry shake up proposed by Aussie Royal Commission
Changes range from criminal action in ‘fees for no service’ cases to creating a single disciplinary body
Advice business exits industry after flurry of complaints
UK ombudsman upheld a complaint in December against the firm over defunct Greyfriars fund
FCA granted transitional powers for ‘no-deal’ Brexit
UK’s financial regulator urges firms to start preparing now to comply with obligations
IFAs hit with £175m compensation scheme bill
Sipp complaints drive adviser levies up £45m, rise slammed as ‘unacceptable and not sustainable’
Lack of financial advice causing legal headaches
Bad IHT planning can lead to unnecessary tax charges, family disputes and legal costs