A film scheme that counted David Beckham, Wayne Rooney and Gary Lineker among its investors has lost a court challenge on a technical point linked to First Tier Tax Tribunal decision which had resulted in an extra £700m ($899m, €802m) tax bill.
The Federation of European Independent Financial Advisers (Feifa) has partnered with BNP Paribas Asset Management to promote professional development and training activities.
A 73-year-old woman from Texas has pleaded guilty to conspiring to defraud the US by using accounts in Delaware and Panama to conceal more than $1.3m (£1m, €1.16m) in royalty income she earned from oil wells.
With more of a shudder than a surge, Pakistan formally returned to the MSCI emerging markets index on Wednesday after nine years as a frontier market, a day after foreign investors sold up in the biggest net outflow since July 2013.
International advisory firm Globaleye has moved ahead with the rollout of its new-look business model by announcing the appointment of tax expert Gary Wright as head of UK taxation.
The offshore platform market is nowhere near as developed as the UK but there is a huge opportunity for platforms and discretionary fund managers (DFMs) to work together, as David Field, Novia Global’s head of customer services, explains.
Hargreaves Lansdown, which operates the UK’s biggest online trading platform, is to allow clients to invest in a dedicated bitcoin Exchange Traded Note (ETN) through its SIPP and brokerage services.
An Australian financial planner has been jailed and permanently banned from providing financial services after pleading guilty to stealing more than A$2.3m (£1.3m, $1.7m, €1.5m) from a nurse to fund his lavish lifestyle.
When it’s up to fund buyers and asset managers, there are only two, or perhaps three, candidates for best performing asset class over the next 12 months.
When South Africa’s Retail Distribution Review (RDR) is fully introduced, product suppliers to IFAs will be held much more accountable for customer outcomes, according to Caroline da Silva of the country’s main regulator, the Financial Services Board.
International platform provider Momentum has launched a new “guided architecture” fund range, which it has developed with its UK asset management arm Momentum Global Investment Management (MGIM).
Cold-calling fraudsters use an urgent tempo when speaking or apologetic language to convince victims that they are genuine, research from scam awareness group Take Five suggests.
