Customers of failed Sipp investor paid out
The UK’s Pension lifeboat scheme has made its first compensation payments, totalling £5.7m (€6.4m, $7.6m), to customers of the failed discretionary fund manager Strand Capital.
The UK’s Pension lifeboat scheme has made its first compensation payments, totalling £5.7m (€6.4m, $7.6m), to customers of the failed discretionary fund manager Strand Capital.
United Arab Emirates (UAE) lawmakers have approved a long-term visa for international investors and talented professionals and are set to introduce a law that will allow foreigners to own companies outright in the Gulf state.
Money laundering is a matter of national security for the UK, and it therefore has the constitutional right to make British Overseas Territories (BOTs) introduce public registers of beneficial ownership, according to a select committee report.
Sharing economy pioneer Airbnb will automatically report any income earned by homeowners in Denmark to the Danish tax authority in a bid to help it clamp down on tax evasion.
The much-maligned European Union tax haven blacklist is set to shrink to seven jurisdictions following the removal of the Bahamas and St Kitts & Nevis.
Professional indemnity (PI) insurers are doing more than the Financial Conduct Authority to make the lives of IFAs providing defined benefit (DB) pension transfer advice difficult.
Former Prudential, AIA and Citibank employees have been prohibited from providing financial advice services in Singapore, after they were found to have mis-sold investment products.
The UK tax office’s decision to appeal a £15m tax ruling in favour of financial services firm Hargreaves Lansdown has left the investment industry in limbo over discounts provided to investors in funds.
Switzerland will start automatically exchanging financial account information with Singapore and Hong Kong from Autumn 2019 and with other financial centres from 2020.
Pension transfers are “good business for good advisers”, according to Old Mutual Wealth, which has produced a five step best practice guide for international advisers.
A raft of UK financial advice firms were declared in default by the Financial Services Compensation Scheme (FSCS) during April, meaning consumers could get back money they have lost.
The Isle of Man was ready to “vigorously challenge” the UK Government if it imposed a public register of beneficial owners on the crown dependency, its chief minister Howard Quayle has revealed.