Tax & Regulation
UK compensation scheme declares 21 firms in default
Customers could now get back the money they have lost
Hong Kong insurance regulator to licence intermediaries
The Federation of Insurers will give up the function in September 2019
Bahamas to introduce 90-day minimum residency for tax status
Move followed criticism of the country’s residence-by-investment programme
UK financial regulator bans jailed wealth manager for life
Adviser is ‘not a fit and proper person to perform any function in relation to regulated activity’
Pension committee urges UK regulator to ban contingent charges
But the FCA said more work needs to be done before it can intervene