HSBC steps up checks on Jersey customers
HSBC has stepped up scrutiny of its onshore account holders in Jersey although clients with the bank’s Expat Account are not affected.
HSBC has stepped up scrutiny of its onshore account holders in Jersey although clients with the bank’s Expat Account are not affected.
UK life companies have cautiously welcomed an announcement by UK chancellor George Osborne to give up to five million current pensioners the right to swap their annuities for cash in this week’s budget due on Wednesday.
The UK’s Financial Conduct Authority has ruled that when a financial services firm shares customer endorsements over social media it could be covered by its promotion rules, and it has set out clearer guidance on how employees can use their personal social media accounts.
There is a new and clear division of responsibility in the UK between consumers, the pensions industry and government policy makers coming into effect after 6 April that is a long way from the current system, the Financial Conduct Authority said.
Prudential boss, Tidjane Thiam, has stepped down from his role at the insurance giant after posting a strong set of profit figures for 2014 and is to join European bank, Credit Suisse, as chief executive.
A committee of UK MPs has recommended that the next Government establishes an independent pensions commission to advise on future policies.
Two thirds of Britons are opposed to the UK Governments ability to demand the payment of disputed tax without passing through the court system, a poll released today has found.
The Isle of Man has announced the launch of its Insurance Special Purpose Vehicle (ISPV) legislation to cover transactions involving catastrophe bonds, industry loss warranties and other collateralised reinsurance structures.
HM Revenue & Customs has ramped up the rules around tax avoidance schemes with “high risk” promoters now facing fines up to £1m.
Isle of Man-based pension provider Kreston Pensions has strengthened its London ties with the appointment of a new consultant.
Jersey’s chief minister Ian Gorst has formally expressed his “disappointment” with statements from Labour Party leader Ed Miliband about tax transparency and disclosure efforts by UK overseas territories.
Hacker Young’s Michael Avient takes a look at the implications of HMRC’s victory against Eclipse on tax avoidance court cases.