Tax & Regulation
Poor advice record keeping surprises Guernsey regulator
Regulators in Guernsey have called on the island’s investment and insurance intermediaries to sharpen up following a thematic review that found room for improvement in the advice process.
Jail term for ex-insurance worker in £280k fraud
A former employee of RSA Insurance Group has been jailed, while his accomplice received a suspended sentence, after they pleaded guilty to a number of fraud offences.
Abusive tax schemes face bigger penalties
The UK Government’s latest finance bill includes new penalties targeting advisers who ‘enable’ the use of tax avoidance schemes.
Delay drawing pension until next year says expert
Financial advisers should tell clients thinking of taking money out of their pension fund over the next few months to wait until next year to make full use of the increase in the Lifetime Allowance (LTA), industry experts are saying.
IFA jailed for forging signatures
A former financial adviser who was found guilty of forging clients’ signatures to invest their cash into a high-risk fund that later went bankrupt has been sentenced to seven years in prison.