Protection industry wins trust exemption
Ruth Gilbert reports
Pure protection to be exempted from anti-money laundering proposals, Treasury confirms
In June, a COVER article featured a major threat to life policy trusts. This was contained in the Treasury's proposals for all express trusts in their April consultation about implementation of the Fifth Money Laundering Directive. Under those proposals, even for life policies with no investment element, trustees or their "agents" would have to enter full details of the trust and its beneficiaries into the Trust Registration Service (TRS). This would have had an impact on both group and individual...
More on Regulation
CII guide: What is signposting?
Building industry trust
IFAs, have you considered these ways to claw back VAT from HMRC?
Tax expert Kevin Hall explains how VAT can improve cash flow
Industry bodies call to extend Universal Credit disregard to renters
‘Building Financial Resilience of Households in the Private Rented Sector’
More than 200 CII members financially impacted by Covid-19
At least 82 members furloughed or reduced income
