UK taxpayers opting for voluntary fraud disclosure scheme
But it’s not for those wanting to admit errors, mistakes or avoidance schemes where there is no fraud
Tax & Regulation
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EU calls on America to fix Fatca
As it criticises the US for not reciprocating by signing up to the common reporting standard
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Investment manager creates Prod toolkit for advisers
They still need to work on their ‘to-do’ list as compliance is proving hard
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UK taxman overtaxed more than 460,000 people last year
And they were forced to submit refund claims to get their money back
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HSBC PB Switzerland to pay $192m for US tax evasion case
It maintained accounts in names of nominee entities established in the BVI, Liechtenstein and Panama
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Is there a DB transfer mis-selling scandal looming?
Issue is ‘more widespread’ than people in the advice sector think
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China raises ownership cap on joint-venture life firms
It will allow foreign investors to own up to 51% before scrapping the limit during 2020
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Look beyond AUM when segmenting clients, says UK regulator
As it tackles ’emotive subject’ of fees: ‘We don’t expect advisers to be charities’
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Footballers fail to recover film scheme losses from banks
Court found that the case was unlikely to succeed
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Julius Baer sets aside CHF153m for East German legacy case
Private bank will appeal to the Swiss Federal Supreme Court
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M&G fund suspension prompts further scrutiny of FCA rules
Asset manager will waive 30% of the annual charge on the £2.5bn property fund
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Aussie regulator bans cold calls for life products
Days after it won a court case against an insurance provider