Tax & Regulation | 8 Mar 17
UK cuts tax free dividend allowance to £2k
The UK government has slashed the tax free dividend allowance will be reduced from £5,000 (€5,774, $6,108) to £2,000, chancellor Phillip Hammond announced in the Spring Budget on Wednesday.
Tax & Regulation | 8 Mar 17
Surprise 25% Qrops charge rocks UK pension transfer market
The UK government’s shock decision to impose a 25% charge on transfers to foreign pension schemes announced in the Spring Budget could go as far as to “shut down” the Qrops market, according to industry observers.
Singapore life industry must tackle ‘poor advice practices’
Life companies in Singapore must do more to improve the business culture within their organisation following a number of mis-selling cases involving poor or inappropriate financial advice, a senior official from the Monetary Authority of Singapore (MAS) has said.
Tax & Regulation | 8 Mar 17
UK compensation scheme offers lifeline to Arch Cru investors
Investors in the ill-fated CF Arch Cru Funds have been offered the opportunity to have their claims reviewed and settled now by the Financial Services Compensation Scheme (FSCS), after it was revealed that the funds will not be wound up until December 2018 at the earliest.
Jersey agrees to return money laundering assets to Kenya
Jersey chief minister Ian Gorst has signed an agreement to allow the return of over £3m ($3.65m, €3.46m) of stolen assets to Kenya.