United Kingdom
Tax & Regulation | 5 Apr 16
FCA sets £74m levy on advisers
Financial advisers will have to pay a £73.7m levy to fund the Financial Conduct Authority’s (FCA) £518.9m budget for 2016/17, according to plans laid out by the regulator.
Standard Life’s 1825 buys London-based IFA Baigre Davies
Standard Life’s 1825 has announced its third acquisition in three weeks after agreeing to buy London-based IFA Baigre Davies – shortly after confirming the purchase of Scottish wealth management advice business Munro Partnership and Norwich-based Almary Green.
People Moves | 5 Apr 16
IA appoints Cummings as new chief exec
Former AIFA director general Chris Cummings has been appointed as chief executive of the Investment Association.
Tax & Regulation | 5 Apr 16
HMRC bags record £4bn in IHT
HM Revenue and Customs (HMRC) has raised more than £4bn ($5.7bn, €5bn) in revenues from inheritance tax (IHT) for the first time in its history, according to the latest figures published by the UK tax office.
Tax & Regulation | 4 Apr 16
HMRC crackdown nets big CGT haul
HM Revenue & Customs (HMRC) has collected more than £150m ($213m, €188m) following a crackdown on unpaid capital gains tax (CGT) over the past 12 months.