Tax & Regulation
UK-based adviser loses regulatory permissions
After he failed to file returns to the FCA
Over 5,000 families reclaimed overpaid inheritance tax last year
With 1,000 families already reclaiming in 2023/24
FCA writes to platforms over interest on cash balances paid to clients
UK watchdog wants to understand how firms have considered their approach to this in line with the Consumer Duty
Just under half of HNW Brits not taken advice on IHT planning
As majority of UK adults planning to pass on wealth in their lifetime have not considered how and when to do this
FCA enforcement activity drops in last financial year
Cases opened against firms and individuals fell by 67% and 33%, respectively