Recent legislative changes to prevent the facilitation of tax evasion are not retroactive, so it is unlikely that there will be any prosecutions in the UK arising from the cyber attack on Bermuda-headquartered law firm Appleby, a partner at law firm Corker Binning has said.
This was the question posed by KPMG researchers for Blackrock who asked 130 UK financial advisers, wealth managers and private bankers responsible for £4.5 trillion of client assets.
A European Union blacklist of tax havens will move a step closer to reality on Tuesday when the member states’ finance ministers meet to discuss plans to tackle offshore tax avoidance.
Canada Life has expanded its multi-asset range with the launch of five life and pension funds to complement its active range and make its first large-scale push into passive funds.
For the second time in 18 months, millions of documents have been illegally released from a law firm, shining a harsh spotlight on the use of offshore trusts and finance centres.
European investors expect to generate an average annual 8.7% return on their investments over the next five years, according to the Schroders Global Investor Study. Investors in the rest of the world expect even higher returns. Is irrational exuberance kicking in?
Jason Pearce, area sales manager, Hong Kong and NE Asia at OMI, talks to International Adviser about Future Fit, a series of best practice modules that can help advisers run their businesses more efficiently.
Isle of Man-based corporate and pension service provider Optimus is to offer crypto-currency, block chain and Initial Coin Offering (ICO) services.
Financial planning firm Abacus Financial Consultants has started disclosing commission on certain products, ahead of rules that the UAE regulators are expected to introduce to require advisers to do so.
Manchester United manager Jose Mourinho has confirmed that he paid a fee to settle accusations of defrauding the Spanish tax authorities.
Vanguard has launched two global Ucits corporate bond funds.
Failure by advisers and other financial services firms to carry out thorough due diligence on introducers and appointed representatives could put customers at risk of financial harm, the Financial Conduct Authority has warned.
