Tax & Regulation
EU launches new inquiry into retail financial services
The European Commission is to look at ways to improve choice, transparency and competition in retail financial services across its 28 member states, which could potentially result in new guidelines or initiatives by the middle of next year.
Tax & Regulation | 10 Dec 15
UK Gov’t to enforce advice requirement on annuity sales
The UK government has announced plans to make it mandatory for investors holding a sizeable annuity to seek financial advice before selling out of their scheme.
Tax & Regulation | 9 Dec 15
APFA calls for product levy to reform FSCS funding
Levies set by the UK’s Financial Services Compensation Scheme (FSCS) hit an all-time high in 2015, with many firms concerned that they have reached unsustainable levels, according to APFA.
Tax & Regulation | 9 Dec 15
FCA unveils new capital rules for financial advisers
The UK Financial Conduct Authority (FCA) has unveiled a sharp rise in the minimum capital requirements for investment advisers, which will come into force on 30 June 2016.
North America | 8 Dec 15
SEC to accuse Credit Suisse of inflating private bank assets
The US Securities and Exchange Commission (SEC) is reportedly set to accuse Credit Suisse of misleading investors by improperly inflating reports of the assets under management in its private bank.