Regulation & Tax

Law firm Slater and Gordon has said it is considering a case against fund supermarket Hargreaves Lansdown, in relation to its promotion of the now-defunct Woodford Investment Management.

The Financial Services Compensation Scheme (FSCS) has extended its protection for temporarily high balances from six to 12 months, to further protect against deposit-taker failures during the pandemic.

A proposal from the Financial Conduct Authority (FCA) to extend the notice period for investors wishing to exit open-ended property funds may not go far enough, according to a sector spokesman.

The chancellor, Rishi Sunak, has commissioned a review of the Capital Gains Tax (CGT) rules from the Office of Tax Simplification (OTS), coming quite unexpectedly just a few days after the Summer Statement. The review is set to look at the regime for individuals and small businesses, but otherwise has an extremely wide scope – raising a host of questions and speculation around what will come next.

The Financial Conduct Authority (FCA) has set out new guidelines for firms engaging with vulnerable clients, saying it believed up to 24 million people in the UK could display signs of vulnerability.

Prime property buyers in the UK are paying among the lowest property tax rates in Europe, following the temporary cuts to stamp duty introduced in the chancellor’s summer statement.

The Financial Conduct Authority has today launched its new and – hopefully – improved financial services (FS) register.

In 2016, the Government announced that hundreds of UK properties, suspected of belonging to corrupt individuals, would be seized by enforcement agencies under a tough new tool: Unexplained Wealth Orders (UWOs).

Goldman Sachs has said it must be “self-critical and improve” following its agreement to pay $3.9 billion to the Malaysian government as penance for its failings during the 1MDB scandal in 2012 and 2013.

Four Swiss private banks have been named in a lawsuit surrounding a wealthy Kuwaiti who was convicted of laundering money from a major pension fund.