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UK warns investors on unregulated offerings; tax rules for pension lump sums now uniform for non-residents.
The UK's FCA has warned investors about high-risk offerings from unregulated firms and highlighted deficiencies in retirement income advice, urging firms to improve data collection, risk profiling, and sustainable withdrawal planning.
HMRC confirmed non-residents will now face the same tax rules on pension lump sums as UK and EU/EEA residents.
PIMFA criticized proposed inheritance tax reforms as unworkable, potentially harming grieving families, while ARIA Private Clients expanded into Ireland, Portugal, and Spain.
Sun Life appointed Ghosh to lead its high-net-worth business across Asia and Bermuda, and HSBC opened a wealth centre in the UAE.
Hoxton Wealth launched a family well-being programme, and industry leaders continue calling for clearer standards amid evolving regulations.
El Reino Unido advierte a los inversores sobre las ofertas no reguladas; las normas fiscales para las sumas fijas de pensiones ahora son uniformes para los no residentes.