Tax & Regulation
Investors warned about crypto and NFT risks
FCA reiterates the assets are unregulated and there are ‘no consumer protections’
EU regulators scrutinise Priips ‘poor practices’
And set out expectations on how information needs to be presented to retail investors
Five ex-directors banned over unsuitable pension advice
They have also been fined over £1m in total
20% of advisers ‘in the dark’ about FCA Consumer Duty
Some don’t even believe ‘it will add any value to consumer outcomes’
Pension savers recoup more than £22m in tax
As ‘clunky’ and ‘complex’ system blamed for overpayments