Regulation & Tax

New HMRC data has revealed that IHT receipts for April 2022 were higher than the same period a year earlier.

US regulator - the Securities and Exchange Commission (SEC) – has charged BNY Mellon Investment Adviser for misstatements and omissions about ESG considerations in investment decisions for certain mutual funds it managed.

Almost three quarters of advisers say they are concerned about the forthcoming consumer duty rules and guidance, according to a recent poll by wealth manager M&G Wealth.

UK Foreign Secretary Liz Truss has announced more sanctions against the family and friends of Vladmir Putin. In particular, the latest sanctions target those whom the Russian president rewards with state positions and wealth in return for their loyalty.

Family offices have work to do to adapt to changes in social, economic, regulatory, and technical changes, according to the new Single Family Office Study conducted by professional services network EY.

The FCA has prohibited five directors of financial advice firms from working in financial services, fining them over £1 million. The actions come as the individuals caused significant losses to pension customers.

It was annouced during the Queen's Speech that the Government has introduced the Online Safety Bill which aims to protect those online. 

The UK National Crime Agency (NCA) has recovered $23,439,724.98 siphoned out of Nigeria in the 1990s by the associates and family of former Nigerian Head of State, General Sani Abacha.

Abu Dhabi Global Market (ADGM)’s Financial Services Regulation Authority (FRSA) has issued an alert about misleading claims made by Para Holdings and its founder on the Para Holdings website and social media channels. 

“Private school fees will go up much more than a pint of milk” warns Jessica Ayers of Timothy James and Partners.