Regulation & Tax

HMRC’s total tax take hit £47 billion in September 2020, £4 billion more than in September 2019.

Wealth management trade association PIMFA has urged the government to tighten rules around unregulated financial products, arguing that these advertisements should become a regulated activity.

Goldman Sachs has agreed to pay nearly $3 million to regulators around the world, as it settles its involvement in the 1Malaysia Development Berhad (1MDB) money laundering scandal.

Swiss regulator FINMA has reduced its fine against Banca della Svizzera Italiana (BSI) in relation to the 1MDB scandal.

The bill designed to protect the UK’s financial services sector after Brexit was introduced to parliament yesterday, welcomed by wealth industry pundits.

HMRC has received over 54,800 claims on its new online portal which allows workers to claim tax relief for working at home.

The Financial Conduct Authority (FCA) has banned two financial advisers who falsified the high net worth status of dozens of clients, as a means of increasing their fee income.

Older adults should be seen as a source of stability and opportunity following Covid-19, rather than the burden they are often painted as, a new report from a longevity think tank has argued.

Active ESG equity funds brought in record inflows in September, providing a buffer against the still-rising popularity of passively managed funds.

New research from UK pollster Ipsos MORI shows 44 percent of Britons say they are prepared to pay more tax to fund public services in the wake of the Covid-19 pandemic, with another 27 percent undecided or neutral.