Prudential a step closer to £100m HMRC tax refund
UK insurer Prudential has moved closer to securing a tax refund worth more than £100m ($143.4m, €126.5m) from HM Revenue and Customs (HMRC) in a long-running dispute over claims the tax office broke EU rules.
New ‘smart beta’ fixed income ETFs launched in Italy
ETF Securities and Lombard Odier Investment Managers have jointly launched a range of ‘smart beta’ fixed income exchange-traded funds (ETFs) on the Italian stock market.
Tax & Regulation | 20 Apr 16
Fraudsters ordered to pay £11m in massive boiler room scam
Fraudsters who conducted one of the largest boiler room fraud schemes ever pursued by a UK authority have been ordered to pay their victims £11m ($15.8m, €13.9m) in compensation, the UK’s Serious Fraud Office (SFO) has revealed.
Macro Views | 19 Apr 16
ANALYSIS: Smart investors may be buying rather than selling this summer
As the month of May trundles into view investors will be thinking about the traditional summer-proofing of portfolios, but the shrewdest among them may see more opportunity than danger.
Tax & Regulation | 19 Apr 16
FCA warns advisers against provider-paid for rugby matches
The Financial Conduct Authority (FCA) has warned financial advisers in the UK to stop attending hospitality events such as rugby matches, often put on by investment firms looking to sell them products, as it may create conflicts of interest.