Regions
Property scheme investment advice unsuitable: Ombudsman
The UK Financial Ombudsman Service (FOS) has determined that advice given to a client by financial advice network The Falcon Group to invest £83,000 ($103,269, €97,263) of his pension fund in a scheme focused on the leisure property industry was not suitable.
South Africa’s Lombard Life fined by regulator
The Financial Services Board (FBS) of South Africa has fined Lombard Life for not complying with rules about informing policyholders of their right to appeal after the company rejected their claims.
Tax & Regulation | 21 Feb 17
UK tax take hits record highs for January
The UK government’s tax take is on the rise according to new figures from HM Revenue & Customs for the all-important month of January, when most outstanding tax payments are due.
Spanish princess’s husband gets six years over €6m tax fraud
The brother-in-law of King Felipe VI of Spain has been sentenced to six years in prison and fined more than €500,000 (£426,565, $530,810) after being found guilty of charges including embezzlement, fraud and tax evasion.
Investment | 20 Feb 17
Victims of investment fraud have specific character traits
People who have fallen victim to investment scams have specific character traits making them more susceptible to fraudsters, according to a new study by US campaign group AARP Fraud Watch Network.