EEA status a bigger issue than Brexit
The big question for international advisers isn’t Brexit but whether or not the UK is granted European Economic Area status, according to the Federation of European IFAs.
Author: Sam Shaw
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Complaints to Britain’s FOS show signs of easing
Britain’s Financial Ombudsman Service received 4,359 complaints relating to life, pensions and investment business in the second half of 2015.
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Irish Revenue offers new guide on tax arrangements
The Irish Revenue has added a new section to its website offering guidance on tax avoidance arrangements as well as information on the tools available to tackle would-be tax dodgers, Tax-News.com has reported.
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RL360 adds 28 new funds and six fund groups
Regionally focused small and mid-cap equity funds have filled a gap in the armour of RL360° following its recent annual review of four of its main investment vehicles.
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AIFMD passport inclusion decision expected by June – CIMA
The Cayman Islands Monetary Authority (CIMA) said it is confident the European Securities and Markets Authority (ESMA) would complete its assessment of a second wave of nations for inclusion into the AIFMD passport system by June 30.
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HSBC staying in London prompts mixed reaction
Industry reaction to the news HSBC would retain its London headquarters was mixed, as higher capital requirements and being “trapped” in the European Union might work against the banking giant.
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AUM hit record levels in Germany in 2015
The German fund industry experienced a record year in 2015 with total assets under management (AUM) sitting at €2.6trn (£2trn, $2.9trn).
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Aviva Investors to move Middle East director to Asia
Aviva Investors’ Scott Callander is picking up a new role as he prepares to depart the Middle East, bound for Asia in the summer.
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OMW lifestyle trust targets growing IHT market
As HMRC remains focused on new rules for inheritance tax and trusts, Old Mutual Wealth has responded to calls for greater IHT flexibility with its newly launched lifestyle trust.
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UK targets trust-based pension schemes for improvement
Trust-based schemes are being called on to improve their transparency and accountability following HM Treasury’s latest consultation on pension transfers and early exit charges.
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Royal London attacks UK Pension Isa proposal
Royal London chief executive Phil Loney has slammed the idea of a Pension ISA, just five weeks before Chancellor George Osborne gives his next budget speech.
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Accelerated Payment Notices net HMRC over £2bn
HM Revenue & Customs has collected more than £2bn ($2.9bn, €2.6bn) in disputed tax from would-be avoiders since it brought in its Accelerated Payments notices in 2014.