United Kingdom
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.
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.
Retirement | 20 Feb 17
Easier rules for small DB pension transfers considered
The UK government is open to considering a relaxation of the current rules around defined benefit pension transfers where the saver’s entitlement is quite small, a new consultation paper released on Monday showed.
Retirement | 20 Feb 17
UK plans to reform DB schemes trigger alarm bells
The UK government has suggested softening the rules on how defined benefit (DB) pension schemes should adjust payouts for the impact of inflation in a new report on tackling challenges facing the sector.
Tax & Regulation | 17 Feb 17
UK tax office warns on two tax avoidance schemes
HM Revenue & Customs has warned of a new disguised remuneration tax avoidance scheme that uses payment via annuities as a means to avoid income tax and national insurance contributions (NICs).