HMRC rakes in £126m from lifetime allowance penalties
HM Revenue & Customs has reported a significant rise in the number of British savers breaching the lifetime pension allowance (LTA) over the past year, collecting £126m ($163m, €146m) in additional tax revenue between 2015/16, up 38% from £78m the previous year.
Belgian adviser Dunhill merges with rival Cross Border Planning
Two of Belgium’s largest advisory firms for US expats Dunhill Financial and Cross Border Planning have announced they will merge.
Indonesia assures expats using amnesty over tax evasion threat
Indonesia’s government has reassured participants of its tax amnesty programme that they will not be prosecuted for tax evasion after it emerged last week that private banks in Singapore are sharing with police the details of wealthy clients using the programme.
Retirement | 16 Sep 16
Macro must play greater role in pensions debate – Bailey
The macroeconomic aspect of the pensions debate requires more attention said Andrew Bailey, chief executive of the Financial Conduct Authority.
Investment | 16 Sep 16
Five challenges and opportunities facing global asset managers
Prominent figures in the asset management industry give their views on the challenges and opportunities facing the sector at International Adviser’s Fund Links Forum 2016.