United Kingdom
United Kingdom | 9 Jan 17
UK court rules £75k pension transfer loan was liberation
A UK court has ruled that a £75,000 ($92,106, €87,429) loan taken out by a client to fund investments as part of a pension transfer was a form of pension liberation and should be subject to tax.
Tax & Regulation | 6 Jan 17
Zurich ordered to pay £223k over IHT advice to British expat
A UK judge has ordered Zurich to pay damages of £223,000 ($275,211, €261,185) over wrong advice given to a British expat looking to reduce her inheritance tax (IHT) liability.
Best Practice | 6 Jan 17
UK directories urge FCA to reveal if advisers are independent
UK adviser directories Unbiased and VouchedFor have urged the Financial Conduct Authority (FCA) to publicise whether an adviser is independent or restricted.
Tax & Regulation | 5 Jan 17
UK upholds use of controversial APNs to tackle tax avoidance
HM Revenue & Customs (HMRC) has said it will continue to use accelerated payment notices (APNs) to combat tax avoidance schemes, despite concerns that the penalties are “morally questionable”.
Embark’s Adviser Centre snaps up research firm
UK online investment intelligence service, the Adviser Centre, has announced its acquisition of research group Scopic Research amid efforts to increase its presence in the UK IFA and wealth management space.