United Kingdom
FSCS and UK Serious Fraud Office join forces to fight scams
Government body will be given data on fraudulent investment schemes and the advisers promoting them
FCA sends advisers second DB transfer survey in five months
Speculation UK watchdog is looking to remove permissions from firms not active in the market
Nearly 40% of PFS members hit by reduction in new clients
Covid has forced firms to use ‘digital channels’ and ‘existing client base’ to develop relationships
Brits reluctance to pay for advice sparks ‘critical challenge’
Just 12% are in favour of ongoing fees with most opting for a one-off structure
Guernsey to scrap income tax on international savings plans
As UAE advice firm chief expects a ‘commercial war’ between crown dependencies