United Kingdom
UK watchdog investigating firms offering Will-writing and probate plans
After it received complaints that some are not complying with consumer protection laws
32% of IFAs expect client fees to increase with Consumer Duty
As one-in-seven still feel unclear about advising clients on good customer outcomes
UK financial planning firm becomes employee-owned
18 staff members now retain 60% of the company
Inheritance tax receipts reached £2bn between April and June
A £200m increase from last year
Two UK IFA firms fail
With the FSCS receiving claims related to pension advice transfers for both