United Kingdom
Investment | 23 Jun 15
FOS warns of jump in inquiries over UCIS advice
UK customers invested in unregulated collective investment schemes (UCIS) are increasingly questioning the advice they were given after being alerted by a new rule change, the Financial Ombudsman Service (FOS) has warned.
United Kingdom | 23 Jun 15
HMRC tax evasion property raids rise by a fifth
The number of raids on premises carried out by HM Revenue & Customs during investigations into tax evasion has increased by nearly 20% from 500 in 2013/14 to 593 last year.
Retirement | 22 Jun 15
Industry figures assess ABI plan to cull pension advice safeguards
Senior industry figures have agreed that the regulatory and legal requirements around the new pension freedoms pose a problem for policyholders, but are split on the ABI urging the UK Government to scrap paid advice for those with guaranteed annuity rates.
Retirement | 22 Jun 15
ABI urges UK Gov’t to scrap pension advice safeguards
The Association of British Insurers (ABI) has urged the UK government to drop the need for pension holders with guaranteed annuity rates to pay for advice.
United Kingdom | 22 Jun 15
Fraudster jailed over UCIS scheme
Adam Hawkins has been sentenced to six years and nine months for losing investors £4.3m in an unauthorised collective investment scheme he operated through three land bank companies.