Royal London attacks UK Pension Isa proposal
Royal London chief executive Phil Loney has slammed the idea of a Pension ISA, just five weeks before Chancellor George Osborne gives his next budget speech.
Tax & Regulation
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Dubai FSA sets new rules on property and money market funds
The Dubai Financial Services Authority (DFSA) has made changes to the rules for Collective Investment Funds affecting property and money market funds.
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Indonesian tax amnesty a boost for wealth management sector
Indonesia is to offer generous incentives for tax evaders to regularise their finances, a move that has been welcomed by the country’s wealth managers, reports Reuters.
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How to avoid the seven deadly ISA sins
With two months to go before the end of the current tax year, Maike Currie, investment director for personal investing at Fidelity International highlights seven ISA sins that investors should avoid.
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EU officially extends MiFID II application date by one year
The European Commission is to extend the start date of the revised Markets in Financial Instruments Directive, or MiFID II, by one year to 2018.
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US expats should keep citizenship despite FATCA, says deVere
American expats should not renounce their citizenship because of FATCA without considering all of their options, according to Nigel Green, chief executive and founder of deVere Group.
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FCA fines ex-JP Morgan boss over ‘London Whale’ trades
Achilles Macris has been fined £792,900 by the Financial Conduct Authority for his role in the so-called ‘London Whale’ trades.
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Accelerated Payment Notices net HMRC over £2bn
HM Revenue & Customs has collected more than £2bn ($2.9bn, €2.6bn) in disputed tax from would-be avoiders since it brought in its Accelerated Payments notices in 2014.
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Activist actor takes aim at HMRC loopholes in TV documentary
A documentary programme on Britain’s Channel 4 to be aired on Monday (8 February) will see actor Greg Wise pose as a client while two financials advisers offer to help him exploit HMRC’s tax loopholes.
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Business strategies: On the road to RDR
In the second of this three-part series, Brian Foster explores the brave new world that awaits advisers adopting a financial planning model as they prepare for RDR in South Africa.
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Business strategies: A question of scale
In the final part of a three part series examining the retail distribution review landscape in South Africa, Brian Foster questions the wisdom of thinking big when it comes to advisers growing their businesses.
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Julius Baer admits US tax evasion, pays $547m
Swiss private bank Julius Baer said it has reached a deal with the US Department of Justice to pay $547m to settle tax evasion allegations, and at the same time two former Julius Baer bankers pleaded guilty to helping American clients dodge taxes.