Global perception that retirement savings are not enough
Investors are not saving enough for retirement, a survey of more than 22,000 investors from 30 countries has found.
Industry
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FCA takes civil action against Sipp introducers
The Financial Conduct Authority has commenced civil proceedings against two unregulated introducer firms, linked to controversial ethical tree investment schemes, for allegedly making misleading statements on pension investments.
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Architas gives Woodford the chop
Architas has pulled Neil Woodford’s equity income fund from its multi-asset and multi-manager range, becoming the third fund group to ditch the mega manager in a matter of months.
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Guernsey Finance: ‘Not sure what more we’re supposed to do’
Guernsey Finance chief executive Dominic Wheatley is “not sure what more we’re expected to do” to help improve transparency in the fight against offshore tax evasion, he told International Adviser.
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Regulators prepare for latest tax haven blacklist
As the European Union accelerates plans to publish its blacklist of tax havens in the light of the Paradise Papers, now brought forward to Tuesday 5 December, the world’s regulators must decide what action is needed.
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Phoenix offers some annuity holders one-off payment
Phoenix Life customers with small annuities in payment will be able to exchange the regular income they receive for a one-off taxable lump sum.
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Four asset management firms under FCA investigation
The Financial Conduct Authority has accused four asset management firms of breaching competition laws after allegedly sharing details of their bids in two initial public offerings (IPOs).
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Tax haven blacklist ‘not credible’ if four EU countries excluded
To stop its blacklist being whitewashed, the European Union should include Ireland, Luxembourg, Malta and the Netherlands on its list of tax havens when it is published on 5 December, Oxfam has warned.
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Judge not swayed by HMRC tax blunder
A taxpayer who relied on incorrect information published in an HM Revenue & Customs manual to claim tax relief has had his request for a judicial review dismissed, despite the judge agreeing the information provided was wrong.
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Offshore chiefs bid to avoid EU blacklist
Island jurisdictions including Bermuda, Jersey, Guernsey and Cayman have been making last ditch efforts to avoid being blacklisted by the EU.
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Honest taxpayers in HMRC’s sights
Steeper fines under HM Revenue & Customs’ requirement to correct (RTC) regime are just the start of changes that could catch out law-abiding taxpayers, according to KPMG’s head of tax investigations.
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Quilter Cheviot unveils Aim strategy
Quilter Cheviot has launched a strategy investing in the alternative investment market (Aim), targeted at UK-based high net worth investors.