fpi to stop top ups and premium increases
Friends Provident International is to stop accepting premium increases and top-ups on existing policies from Japanese residents later this month.
Tax & Regulation | 22 Jul 13
hmrc data requests hit record high
The number of requests for data HMRC made to Crown Dependencies and Overseas Territories on possible tax evaders hit a record high last year as the Government cracked down heavily on offshore tax havens.
hong kong legco passes trust law
In what has been described as a bid to boost the competitiveness of Hong Kong’s asset management industry, Hong Kong's Legislative Council has approved proposed amendments to the jurisdiction’s trust laws.
Tax & Regulation | 19 Jul 13
hmrc protects 1bn of tax during first six months
The amount of tax ‘protected’ by HM Revenue & Customs in the first six months of this year surpassed £1bn, according to the Revenue.
United Kingdom | 19 Jul 13
stake shake up at barclays
The Abu Dhabi sheik that provided rescue capital for Barclays at the peak of the financial crisis has sold his stake in the bank at a considerable profit in a reflection of the bank’s recovery.