United Kingdom
United Kingdom | 16 Jul 15
FSCS payouts jump by 35% as SIPP claims rise
The Financial Services Compensation Scheme paid out £327m in compensation to British consumers over 2014/15, a significant rise from the previous year after payments for SIPP-related claims made against financial advisers soared by 50%.
Tax & Regulation | 16 Jul 15
HMRC to step up sanctions against offshore tax evasion
HM Revenue and Customs has announced plans to toughen up penalties for offshore tax evasion, and is looking at a new corporate criminal offence for failure to prevent the facilitation of evasion.
Tax & Regulation | 16 Jul 15
UK Gov’t to tighten salary rules to enforce pension taper
The UK Government plans to tighten rules around salary payments to enforce new rules governing annual tax free pension contribution allowances for high earners.
Retirement | 15 Jul 15
ABI: Pension freedoms see savers withdraw £1.8bn in two months
British pension savers have withdrawn more than £1.8bn from their pension pots in the first two months since the start of the freedoms, new figures revealed.
United Kingdom | 14 Jul 15
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