Best Practice | 11 Jan 18
HMRC penalty policy needs urgent clarification
UK taxpayers owning up to past mistakes could face a 10% fine, according to changes to HM Revenue & Customs’ penalty factsheets.
Convoy warns of dodgy shares
Embattled Convoy Global has warned investors against dealing with shares that it alleges were wrongly allotted to six individuals; including the company’s second largest shareholder, who recently failed to remove several executive directors in a thwarted boardroom takeover.
Ex-StanChart Private Bank head charged with bribery
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
M&G begins Brexit-linked shift of funds to Luxembourg
Fund manager M&G Investments has begun to transfer the assets of four UK-domiciled open-ended funds with assets of around €10.5bn (£9.3bn) to equivalent funds on its Luxembourg platform.
FEIFA opens its doors to lawyers and tax experts
The Federation of European IFAs (Feifa) has launched an Associate Membership aimed at advisers’ allied professions.