United Kingdom
Best Practice | 1 Mar 17
How to avoid being scammed
The Financial Conduct Authority (FCA) has revealed the tactics used by investment fraudsters to deceive the over 55s, as it urges the demographic to check investment opportunities are genuine before parting with their money.
Investment | 1 Mar 17
UK court bans directors of Australian, Lithuanian wheat scheme
Two directors who ran a wheat-based investment scam have been banned from acting as directors by the UK’s High Court, after failing to account for more than £500,000 ($621,465, €586, 572) of investors’ money.
Best Practice | 1 Mar 17
Life companies ‘hiding’ behind the Law of Agency
Life companies should better vet their advisers rather than hide behind the Law of Agency and claim they are not involved in any mis-selling that occurs, says Simon Willoughby, head of proposition at Utmost Wealth Solutions.
Tax & Regulation | 28 Feb 17
Estates over £1m face 1% ‘stealth tax’ as probate fees rise
The UK government will replace the current flat fee system for grants of probates with a new tiered levy, which could see estates over £1m ($1.24m, €1.17m) tens of thousands of pounds worse off.
Best Practice | 28 Feb 17
UK redefines financial advice in line with Mifid
The UK will go ahead with plans to change the definition of financial advice so that regulated firms will only be giving advice when they provide a personal recommendation.