Red flags to watch out for with HMRC’s ‘pay first’ deterrent
The UK’s HM Revenue & Customs has introduced a pay first, dispute later deterrent to stop aggressive tax planning which has pushed company profits into offshore jurisdictions.
Industry
-
-
Majority of expats living in UAE have no income protection
Research from Zurich International has found that 75% of expats living in the United Arab Emirates do not have protection against loss of income as a result of illness, incapacity or premature death.
-
Advisers working overtime to meet regulation requirements
Two out of five UK advisers are working longer hours in 2017 due to business growth, increased compliance and regulatory requirements, research from Prudential has found.
-
Swiss bank CEO switches allegiance from Baer to Pictet
High-profile chief executive Boris Collardi is switching Swiss banks, quitting Julius Baer for arch rivals Pictet.
-
Soap opera praised for investment fraud storyline
Anti-fraud campaigners have welcomed a story arc in the world’s longest-running drama series that highlights the dangers of investment fraud.
-
How peer review improves advice
Putting every piece of advice through its “four eyes approach” ensures quality and healthy debate, David Benskin, director of Strabens Hall Hong Kong, told International Adviser.
-
UK investigates ‘defined ambition’ pension schemes
The UK Government is launching an inquiry into collective defined contribution pension schemes, also known as defined ambition, which are commonplace in the Netherlands, Canada and Denmark but not yet permitted in the UK.
-
PEOPLE MOVES: Globaleye, HSBC, Franklin Templeton
Globaleye Singapore has appointed a chief investment officer, while one of HSBC’s most senior investment bankers has resigned and Franklin Templeton has promoted a head of distribution for France and the Benelux region.
-
Appleby family law head exits to found own firm
The head of family law at Appleby, the firm at the centre of the Paradise Papers, has left the business and set up her own firm in Jersey.
-
‘Scurrilous’ Paradise Papers reporting slammed by IoM ministers
Isle of Man politicians have strongly defended the island’s economy following the Paradise Papers revelations, with one minister describing them as “a deliberately orchestrated attack from the international media”.
-
Zurich selfie app gives life insurance quotes
An app launched by insurance company Zurich can calculate how much life insurance would cost for a customer based on a selfie.
-
New Zealander extradited to face boiler room charges
Authorities in Australia have extradited a New Zealander to face charges that he allegedly defrauded 21 victims, including pensioners, to the tune of A$1.2m (£686,930, $914,550, €772,380).