News
Retirement | news 23 Mar 15
FCA issues warning over surge in scams
The UK’s financial watchdog has warned consumers to look out for a surge in pension scams as next month sees the introduction of full flexibility on retirement pots.
United Kingdom | news 23 Mar 15
UK govt kicks off annuity sale market
The UK governments last budget before the election revealed plans to extend its pension reforms to allow existing annuity holders to sell their contracts from 2006, offered a range of new incentives to save and tightened rules on tax avoidance.
HMRC sees fall in tax evasion info requests to
HM Revenue & Customs contacted foreign governments on 490 separate occasions in one year as it sought information on suspected tax evasion, a drop of 150 information requests compared to the previous year.
United Kingdom | news 23 Mar 15
Govt report set to criticise
The UK’s financial watchdog will face “serious criticism” this week over its announcement of an inquiry which caused stocks to plummet across the insurance market, reports suggest.
UK wealthy failing to plan for IHT
Less than one tenth of wealthy UK citizens have sought advice for inheritance tax planning, putting their families at risk of a large tax bill when they die.