John Bourbon, the former director of Isle of Man-based Premier Group, the company behind the ill-fated £300m New Earth Group of funds, has described the regulator’s decision to investigate allegations of mis-selling against the fund manager “something of a witch hunt”.
The Australian Government has approved an industry funding model that will see retail financial advisers pay at least A$1,500 (£890, $1,136, €1,012) each to fund the Australian Securities and Investments Commission (Asic).
Alan Shearer has agreed a settlement deal after launching a £9m ($11.5m, €10.2m) court bid against his former financial adviser for giving the ex-Newcastle United and England striker negligent financial advice.
The Dutch government may be looking to reduce a 30% tax break used by wealthy expats after it was deemed “too generous”, according to a new report.
After an astonishing general election that delivered a hung UK parliament, there has been nothing but political uncertainty in recent weeks. All eyes now turn to the delayed Queen’s Speech on 19 June, setting out the legislative programme for this year. Click on the arrows in picture below to see five things likely to come…
Gibraltar has lost a landmark legal battle to be recognised as a separate EU state for tax purposes, in a ruling that deals a further blow to the British overseas territory’s hopes of securing a special status post-Brexit.
Spain’s Prosecutor’s Office in Madrid has filed a tax fraud lawsuit against Real Madrid star Cristiano Ronaldo.
Spanish club Real Madrid has called on the country’s tax authorities to reinstate the ‘Beckham law’ for foreign footballers following a string of high-profile tax fraud scandals, engulfing the biggest names in the sport.
The Financial Ombudsman Service (FOS) received 15% more complaints about pensions in 2016/2017, with Sipps one of the most complained about products, despite a 6% drop in the number of people contacting the financial redress service.
The Chartered Institute for Securities & Investment (CISI) has announced it will partner with the Baltic Financial Advisors Association (BFAA).
Ongoing delays to the introduction of new rules governing how UK non-domiciles are taxed could be “disastrous” for taxpayers who have already prepared for the changes, which were expected to come into force in April this year.
The European Union is pushing ahead with new rules that will force financial advisers to report “aggressive” tax planning schemes which help clients avoid paying tax, as it follows in the footsteps of the UK.
