Tax & Regulation | 20 Apr 17
HMRC loses Sipp case over pension liberation charges
A UK court has ruled that Sipp scheme operator Sippchoice should not pay sanction charges after HM Revenue & Customs (HMRC) accused it of being a pension liberation vehicle.
French presidential candidate wants a 100% tax on the rich
Jean-Luc Melenchon, a far-left candidate backed by the French Communist Party, has said he would introduce a 100% tax on income above €400,000 (£428,800, $425,000).
Retirement | 20 Apr 17
UK to delay ban on pension cold calling amid snap election
The UK government could delay introducing a ban on pension cold calling after British prime minister Theresa May called a snap election for 8 June, according to investment platform AJ Bell.
DeVere denies ‘unfounded claims’ it uses prohibited funds in SA
International advisory firm deVere has denied claims that it has been investing its South African clients’ money in offshore funds which have not been approved by the country’s regulator, blaming the “unfounded allegations” on a disgruntled former employee.
DeVere accused of using unlicensed funds in South Africa
International advisory firm deVere has been accused of investing South African clients’ money in offshore funds which have not been approved by the country’s financial services regulator, according to a report by news feed Moneyweb.