The report, which comes in the wake of the growing scandal over split capital investment trusts, could result in a far-reaching investigation into the industry.
Many investors have lost out by investing in the trusts, which have suffered from falling stock markets and a ‘magic circle’ of funds that invested in each other.
The highly complex structures were marketed as low risk investments, but now many investors face losing up to 90% of their money.
Class Law, the group legal action specialist, is continuing to plan moves against those advisers, including accountants, who adviced clients to invest in the trusts.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements