aberdeen loses appeal over tax avoidance scheme
HM Revenue & Customs has won a legal battle against Aberdeen Asset Management over an offshore tax scheme used to pay employees’ bonuses.
HM Revenue & Customs has won a legal battle against Aberdeen Asset Management over an offshore tax scheme used to pay employees’ bonuses.
Data on UK-regulated firms has gone missing because Financial Conduct Authority staff have been victims of crime, the regulator has revealed.
Financial advisers now have big opportunity to add value to overseas assets held by clients which are now being “regularised” by HM Revenue & Customs for inheritance tax purposes, according to Skandia International.
Barclays Bank has topped the Financial Conduct Authority’s list of most complained about firms, with Lloyds, Bank of Scotland and Santander UK following closely behind.
The City regulator has revealed it will publish the details of ongoing investigations, following on from its vow earlier this year to get tough on errant firms.
The number of UK-based advisers outsourcing some or all of their client investment proposition has increased by just 3% over the past three years, although this still represents a high number of advisers.
The Axa Group has committed its member insurance companies to “better integrating environmental, social and governance criteria” into their investment decisions.
The implementation of the Retail Distribution Review in the UK has had no impact on whether or not consumers are willing to pay for advice, according to a new report.
Eastspring Investments, the Asia asset management arm of Prudential, has opened a UK office aimed at targeting Asia investment expertise to prospective UK and European investors.
Ross Elder has left the international private banking arm of Berenberg as part of a restructuring process to “explore new opportunities”,according to the company.
London has retained its position as the world’s best international finance centre, although its overall rating has fallen by more points than any other centre in the top 25, according to the 14th Global Financial Centres Index.
Barclays is to reduce the number of markets in which it provides wealth management and investment services from around 200 to 70 by the end of 2016 in a bid to "reduce the complexity" in its business and stick with the markets that it claims still hold over 80% of the world's wealth.