UK to introduce collective DC pension schemes
Some organisations have already started working with the government to roll out CDCs
Tax & Regulation
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UAE regulator issues final ‘draft’ of life product sale rules
Indemnity commissions to be capped – not banned
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Up to seven years in jail for pension mismanagement
UK to drop the hammer on ‘wilful or reckless’ behaviour by pension schemes?
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Defunct DFM clients targeted by scammers
Clients approached by individuals claiming to represent PwC and The Share Centre
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Julius Baer’s US tax evasion charges dismissed
In 2016, the Swiss bank agreed to pay $547m and settle tax evasion allegations
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Six international finance centres targeted by EU over tax
Pressure builds on non-EU jurisdictions ahead of publication of revised blacklist
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Only 25% of people seek regulated advice for Sipps
A UK MP has branded the trend ‘worrying’, especially if investors don’t have a financial buffer
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Financial ombudsman reports surge in Sipp enquiries
Also increase in portfolio management cases and referrals between October and December 18
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Former Real Madrid boss agrees deal over Spanish tax fraud
He will pay in excess of €2.18m in fines
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Cutting financial ties with South Africa
What does it take to walk away from your country when it insists on taxing your income earned overseas?
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Malta financial regulator to kick out money laundering issues
Reports say investigation into recently-closed Pilatus Bank may have been ‘rushed’ to look proactive
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Two-year sentence for unauthorised UK investment firm boss
Prison term suspended with fraudster ordered to complete 300 hours of community service