Tax & Regulation
Pension freedoms reform proposals ‘deeply controversial’
Capping the 25% tax-free lump sum could disincentivise people from saving into a pot
8,600 ads blocked in FCA crackdown on financial promotions
14 times more than in 2021
DIFC overhauls family office regulations
Following the creation of a private wealth centre in August 2022
FCA fines nearly triple in a year
While US regulator raked in record $6.4bn in penalties
Pension tax refunds fall to £134m in 2022
Total value of overpayments since pension freedoms nears £1bn