United Kingdom
Tax & Regulation | 10 Jul 17
UK IFA under fire over Sipp transfer into Saint Lucia property
A UK-based advice firm which recommended a Sipp transfer, has been ordered to compensate the client after she went on to invest her entire pension pot in a high-risk property venture in Saint Lucia.
Retirement | 7 Jul 17
FCA orders yet another firm to cease pension transfers
UK advice firm Heather Dunne IFA (HDIFA) has been ordered by the Financial Conduct Authority (FCA) to stop proving advice on pension transfers making it the latest in a string of firms to be sanctioned under an industry-wide crackdown.
Retirement | 7 Jul 17
Woman fined for not helping in £13m pension scam probe
An office manager of a firm currently under investigation by the UK’s Pensions Regulator (TPR) for running a suspected £13m (€14.7m, $16.8m) pension liberation scam has been convicted of withholding information.
Tax & Regulation | 7 Jul 17
Ten ways HMRC is catching tax cheats
Recent high-profile wins against tax evaders prove that when it comes to cracking down on tax dodgers, HMRC is serious about stepping up not only its surveillance but also about finding innovative ways of catching out tax cheats. Here are some the methods the UK tax office employs.
Tax & Regulation | 6 Jul 17
Ex-adviser jailed for stealing thousands to pay off mortgage
A former director of a company that provided financial advice to the Law Society of Northern Ireland has been jailed for six months for stealing thousands.