United Kingdom
Advisers look for certainty as pension transfer flux continues
As the Financial Conduct Authority (FCA) finalises its policy paper on defined benefit (DB) pension transfers, experts hope it will bring some certainty to an industry that has been in a constant state of flux since 2015.
Last-minute lobbying saved crown dependencies from register
It has been revealed that crown dependency representatives flew to London to meet with UK Government officials in a last ditch effort to have an amendment withdrawn that would have imposed public ownership registers on the jurisdictions.
UK taxman outlines tax avoidance enabler hitlist
HM Revenue & Customs has updated its guidance on who can be considered enablers of tax avoidance and the penalties they will face when caught.
Overseas territories furious at UK’s ‘colonial era’ register
The British Overseas Territories (BOTs) have slammed the UK Government for trying to force public registers of beneficial owners on the jurisdictions, describing it as an act of “constitutional overreach” and an “unacceptable act of modern colonialism”.
What the Brexit transition means for advisers
UK and European IFA firms have said while the Brexit transition agreement offers “some degree of certainty”, it is important to remember it is not the complete solution and they must still operate with an element of caution.