Advisers giving inadequate information to DB specialists: FCA
Financial advisers who are outsourcing pension transfer work to specialists are providing them with inaccurate information, according to the executive director of the Financial Conduct Authority (FCA).
S Africa to prosecute as outstanding tax returns hit 30 million
The South Africa Government is criminally prosecuting non-compliant taxpayers, including prominent South Africans, as 30 million tax returns are now outstanding in the country.
Aviva sorry for platform troubles as adviser pulls clients
Aviva has apologised for its platform, which has been a source of ongoing frustration for advisers since it was updated three months ago.
AMP misleading Aussie regulator could bring ‘jail time’
Australian treasurer Scott Morrison says revelations financial services giant AMP intentionally and repeatedly misled the regulator over advice fees charged to its own customers could result in “jail time”, a sentiment echoed by the regulator.
HMRC pulls pension calculator after Royal London pressure
HM Revenue & Customs knew its pension tax calculator was giving incorrect data to users, but only pulled it once Royal London’s director of policy publicly slammed the tool.