United Kingdom
UK fraudsters fined £2m over property scam
A long-running investigation by the UK’s Financial Conduct Authority (FCA) has finally ended after eight men were convicted and fined over £2m (€2.3m, $2.5m) for running a property scam which conned investors out of more than £4.3m.
UK and Spain to probe £120m storage pod pension scams
The UK’s Serious Fraud Office is working with the Spanish authorities to investigate the promoters of self-storage investment schemes, warning that £120m (€139m, $156m) of investors’ money could be at risk.
Competition watchdog to scrutinise Standard Life/Aberdeen deal
A UK government watchdog has announced an investigation into the merger of Standard Life and Aberdeen Asset Management, to ensure it does not damage competition in the industry.
Tax & Regulation | 22 May 17
British PM to water down £100k ‘dementia tax’ pledge
British prime minister Theresa May has said she will set an “absolute limit” on the money people will have to contribute to pay to fund their long term social care when they retire.
AJ Bell grows revenues amid record new client sign-ups
Online investment platform AJ Bell has reported rapid growth in its revenues after it added almost 12,000 customers in the space of six months.