Specialist tax advice looks set to be the biggest area for adviser business growth as pension freedoms takes effect and retirement planning becomes more complex, according to recent research by Prudential.
The Investment Association has called for a rethink of some of the trading rules to be proposed in the details of the Markets in Financial Instruments Regulation (MiFIR).
Further High Court challenges to accelerated payment notices could have wider implications on UK taxpayers, a tax specialist warns, following the rejection of a judicial review in July.
A petition has been issued by the Cayman Islands’ financial watchdog to wind up one of Belvedere Management Group’s troubled investment vehicles, Brighton SPC, after it found evidence to suggest its offering was “false since inception”.
HM Revenue & Customs (HMRC) has collected £1bn in tax payments from users of tax avoidance schemes as a result of the UK Government’s accelerated payment rules to collect disputed tax upfront.
More than two thirds of financial advisers in the UK see specialist tax advice as the biggest growth area in their businesses over the next two years, according to a survey by Prudential.
Financial advisers could be faced with large costs if they fail to adopt a holistic system for handling complaints before next year’s reform, industry players have warned.
Guernsey has extended its market access to alternative investment fund managers and AIF funds from EU member states that have fully implemented the Alternative Investment Fund Management Directive (AIFMD).
A warning has been issued by the Financial Services Commission in Mauritius against Bank Capital Investment Management.
Isle of Man Government chief minister Allan Bell has predicted a wave of negative campaigning focused on the Isle of Man and the other crown dependences, if Jeremy Corbyn wins the leadership of the UK’s Labour Party.
Claims brought against financial advisers who gave tax advice on “complex” investments such as film partnerships are to be reviewed by the UK’s Financial Services Compensation Scheme.
The UK Government appears to have relaxed its demands on the Cayman Islands to create a public register that reveals the owners of companies, despite Prime Minister David Cameron calling on overseas jurisdictions to increase transparency.
