what the experts said the 2013 budget
What did Chancellor George Osborne really say in his Budget speech yesterday…and what unremarked-on points lay hidden in the full, 112-page Budget document? We asked some experts…
What did Chancellor George Osborne really say in his Budget speech yesterday…and what unremarked-on points lay hidden in the full, 112-page Budget document? We asked some experts…
George Osborne today unveiled what he said was “one of the largest ever packages of tax avoidance and evasion measures presented at a Budget” by a UK chancellor, but did not spell out the details.
The Financial Conduct Authority will come into being in the UK in April this year, and with its eye firmly focused on consumer protection, advisers will need to work to its high standards or risk facing disciplinary action.
A House of Lords sub-committee on the Draft Finance Bill has found its plans for a General Anti-Abuse Rule are “a reasonable starting point” but “narrowly focused”, and urges that its limitations be publicised.
The UK has been accused of having an “increasingly hostile tax code” towards high net worth individuals by law firm Pinsent Masons, which said the number of UK registered non-domiciles had fallen by a further 2,000 over the past year.
Stephen Danner, one of the co-founders of Cru Investment Management has escaped being fined by the FSA due to his “financial position” even as advisers face paying millions in redress for mis-selling the Arch cru funds.
A worryingly high number of advisers in the UK believe the Retail Distribution Review, which was finally implemented at the beginning of this year, will have a negative impact on the financial services industry.
Reyl & Co is opening a London office which will focus predominantly on wealth management, the Swiss bank has announced.
The deVere Group, which claims to be the largest independent advisory firm catering to expatriates and, increasingly, British and American nationals in their own countries is in the process of launching a UK-registered charitable foundation.
Two businessmen have been jailed for tax evasion and fraud after “lying about cash hidden in offshore bank accounts”, despite being given an opportunity to come clean to UK authorities.
Barclays chief executive Antony Jenkins is to scale back the investment bank’s equities and advisory businesses in Asia and Europe as part of his restructuring plan which will result in 3,700 jobs getting axed.
The UK’s Pensions Regulator and various other government agencies are to launch a campaign this week aimed at cracking down on companies that entice Britons to access their pension pots before the age of 55.