Covid-19
‘Product-selling mentality’ left a gap in advice sector
‘Eat what you kill’ mindset meant there was little incentive to train the next generation of IFAs
HMRC received 73,000 tax evasion tip-offs
Whistleblowing on the rise as general sentiment against evaders hardens
Retail investors have been ‘resilient’ during pandemic
But financial advisers still critical to help clients navigate the next few months
Expats in Spain risk tax residency if caught in covid lockdown
183 days remains the threshold even if people were unable to leave the country
Liquidity issues to hit over 800 firms in coming months
755 advisory and intermediary companies received government-backed loans during pandemic