Regulation & Tax

  • Hargreaves Lansdown faces second lawsuit over Woodford saga
    News Team on 06/08/2020

    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.

  • FSCS extends large deposit protection during pandemic
    News Team on 05/08/2020

    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.

  • 'Arbitrary' notice period may not help property fund gating issue
    News Team on 04/08/2020

    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.

  • A closer look: The Capital Gains Tax review
    on 03/08/2020

    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.

  • FCA identifies up to 24 million 'vulnerable' clients in the UK
    News Team on 29/07/2020

    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.

  • UK's $1m home buyers now pay among lowest tax rates in Europe
    News Team on 28/07/2020

    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.

  • FCA's user-friendly register goes live
    News Team on 27/07/2020

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

  • The beginning of the end for Unexplained Wealth Orders?
    on 27/07/2020

    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 to pay out $3.9bn for role in 1MDB scandal
    News Team on 24/07/2020

    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.

  • Private banks named in lawsuit against alleged money launderer
    News Team on 23/07/2020

    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.

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