United Kingdom
Ex-SJP adviser jailed for gambling away £850k of client money
An appointed representative of St James’s Place has been jailed for 40 months after being found guilty of stealing and losing £844,010 ($1.1m, €940,707) from eight clients over a period of three years.
Best Practice | 20 Oct 17
HMRC sets out ‘opaque’ abusive tax scheme penalties
Advisers who enable abusive tax avoidance schemes face penalties that will take into account “relevant considerations”, draft guidance from HM Revenue & Customs revealed on Friday.
Best Practice | 19 Oct 17
Four key findings of the FCA Financial Lives Survey 2017
The FCA recently published its results of the Financial Lives Survey 2017. It hopes the data collected will help in the understanding of consumer needs and identify where they might be experiencing harm.
Investment fraudsters targeted in police raids
The City of London Police raided 20 offices with the help of the Financial Conduct Authority and HM Revenue & Customs in a day of action on Tuesday to gather intelligence on different types of investment fraud.
Best Practice | 19 Oct 17
New tax register ‘burdensome’ for beneficiaries
Beneficiaries who fail to comply with the UK’s new Beneficial Trust Register may face fines and prosecution, warns accounting, tax and advisory practice Blick Rothenberg.