Law firms may be required to notify the SRA when planning M&A activity
The Solicitors Regulation Authority (SRA) has launched a consultation into plans for law firms to notify the regulator of proposed merger and acquisition activity, as part of its next phase of work examining client money and consumer protection. Expanding on the work already done around requiring law firms to provide more regular accounts and separating […]
Treasury publishes response to consultation on transferring AML supervision to FCA
HM Treasury has published its consultation response to the transfer of anti-money laundering (AML) supervision to the Financial Conduct Authority (FCA). Announced as part of a “blitz on pointless admin” by chancellor Rachel Reeves, the FCA is to become the single professional services supervisor (SPSS) for AML by 2029. Much of the current expectations on […]
Lower IHT receipts ‘turns spotlight on need for holistic advice’
A £37 million shortfall in inheritance tax (IHT) receipts marks another month of lower receipts compared to last year’s record total. Rising demand for IHT and estate planning support is “turning the spotlight on the need for holistic advice”, according to Key Equity Release CEO Will Hale, which looks at all options to support objectives […]