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Guernsey bans Sark couple from director roles for 15 years

Guernsey bans Sark couple from director roles...Lock icon

A husband and wife from the Channel Island of Sark have each been banned from acting as company directors for 15 years after they were convicted and imprisoned for conducting regulated business without a licence and obstructing justice.

Published : 17, Aug 2017
VAM Funds signs distribution deal with Novia Global and OMI

VAM Funds signs distribution deal with Novia Global...

Luxembourg-based asset manager VAM Funds has signed a partnership with two platforms for the distribution of its fund ranges.

Published : 17, Aug 2017
Sipps among most complained about UK financial products

Sipps among most complained about UK financial...Lock icon

The UK's Financial Ombudsman Service (FOS) received 59% more complaints about self-invested personal pensions (Sipps) in the first quarter of the 2017/2018 financial year compared to the same period a year before.

Published : 16, Aug 2017
Fraud trial of Lumiere Wealth’s Byrne set for summer 2018

Fraud trial of Lumiere Wealth’s Byrne set for...Lock icon

The former managing director of defunct Jersey-based IFA firm Lumiere Wealth, Chris Byrne, will likely stand trial in summer 2018 for, among other things, fraud and knowingly making misleading or deceptive promises to clients.

Published : 16, Aug 2017
How to make the most of unused inheritance tax allowance

How to make the most of unused inheritance tax...Lock icon

The UK tax office has recently updated its rules for transferring any unused portion of basic and additional IHT thresholds when the first person in a marriage or civil partnership dies.

Football clubs feeling the heat of HMRC scrutiny

Football clubs feeling the heat of HMRC scrutiny...Lock icon

Following raids by HM Revenue & Customs on Newcastle United and West Ham and with over 40 players and 12 teams under review, football clubs in the UK are taking a more proactive approach to tax.

Published : 15, Aug 2017
Wide profit gap at FTSE 100 firms sparks talk results spun

Wide profit gap at FTSE 100 firms sparks talk...

The gap between stated and adjusted profits for FTSE 100 companies is at a 10-year high, according to AJ Bell which has raised fears firms are intentionally “muddying the waters”.

Published : 15, Aug 2017
Demand for CII pension transfer qualification soars

Demand for CII pension transfer qualification...Lock icon

More than 500 people signed up to the Chartered Insurance Institute’s (CII) pension transfers qualification in the first week of its launch on the back of the Financial Conduct Authority (FCA) tightening advice requirements for the transfer of safeguarded benefits.

Published : 15, Aug 2017
More UK pension trustees to be hit with higher penalties

More UK pension trustees to be hit with higher...Lock icon

The Pensions Regulator is stepping up how it uses its enforcement powers, which includes financial penalties, and expanding who it considers to be a professional trustee.

Published : 14, Aug 2017
Coutts loses ombudsman fight over discretionary portfolios

Coutts loses ombudsman fight over discretionary...

A couple who claimed Coutts mismanaged their discretionary portfolios have won a fight for compensation after taking their case to the Financial Ombudsman Service (FOS).

Published : 14, Aug 2017
Standard Life Aberdeen creates £11bn investment giant

Standard Life Aberdeen creates £11bn investment...

The formation of investment giant Standard Life Aberdeen has been finalised, the company confirmed on Monday.

Published : 14, Aug 2017
Mazars cleared of bad advice charge by UK Ombudsman

Mazars cleared of bad advice charge by UK Ombudsman...Lock icon

A man who had to pay additional taxes after losing his lifetime allowance (LTA) protection on his pension plans was not poorly advised by the financial planning arm of UK accountancy firm Mazars, the ombudsman has found.

Published : 11, Aug 2017
London police make arrest in suspected boiler room scam

London police make arrest in suspected boiler...Lock icon

A man was arrested in London on Thursday on suspicion of helping to set up a boiler room scam that was used to persuade people to invest in a non-existent crypto currency.

Published : 11, Aug 2017
Investors wary of ‘disastrous’ deal to save stricken IoM fund

Investors wary of ‘disastrous’ deal to save stricken...

A proposed rescue package to save Quadris, an Isle of Man fund that invested in Brazilian forestry, would be a disaster for shareholders the director of an expat financial advice firm has warned.

Published : 11, Aug 2017
UK stately home donates Roman artefacts to pay IHT bill

UK stately home donates Roman artefacts to pay...

North Yorkshire stately home Castle Howard has donated Roman artwork to the nation in lieu of nearly £5.5m ($7.1m, €6.1m) owed in inheritance tax.

Published : 10, Aug 2017
Crown dependencies should be able to elect MPs, says Tory MP

Crown dependencies should be able to elect MPs,...

Britain's crown dependencies should be granted the same parliamentary representation given to devolved jurisdictions, a former member of the UK Parliament’s Foreign Affairs Committee has said.

Published : 10, Aug 2017
Big jump in offshore bond sales at Canada Life International

Big jump in offshore bond sales at Canada Life...Lock icon

Sales of offshore bonds rose by 60% in the first half of 2017, with new business through Canada Life International’s Isle of Man and Dublin-based offshore businesses hitting £566m ($736m, €626m).

Published : 10, Aug 2017
A quarter of Brits want a return to commission

A quarter of Brits want a return to commission...Lock icon

Half of UK clients would prefer to pay a fixed rate for a standard piece of advice work, such as setting up a pension, but almost a quarter want the return of traditional commission.

Published : 10, Aug 2017
Sanlam expands adviser network with Tavistock takeover

Sanlam expands adviser network with Tavistock...

Sanlam UK has acquired the advisory arm of Tavistock Investments, taking over its network of 158 advisers and adding £1.5bn ($1.95bn, €1.66bn) to Sanlam's total assets under advice.

Published : 10, Aug 2017
EU to limit UK expat residency rights post Brexit - minister

EU to limit UK expat residency rights post Brexit...

Britain’s Brexit minister David Davies has revealed that the European Union plans to restrict the residency rights of British expats living within the bloc once the UK leaves.

Published : 9, Aug 2017

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How to make the most of unused inheritance tax allowance
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The UK tax office has recently updated its rules for...

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