United Kingdom
HMRC bags record £14.3bn in capital gains tax
A 42% increase from the 2019-20 financial year
Global sustainable funds suffer significant outflows
But they still performed better than the broader market
Scrap emergency tax on drawdown payments, advisers urge
Lifetime and money purchase annual allowances also under fire
Phoenix Group acquires UK life insurer for £248m
Deal adds around £10bn in assets under administration
FCA bolsters supervision of appointed representatives
Many principal firms ‘do not adequately oversee’ their activities