PEOPLE MOVES: Franklin Templeton, Axa, FCA
Franklin Templeton appoints a lead manager for emerging markets team, Axa IM launches a business development department and the Financial Conduct Authority appoints an executive director of international to oversee Brexit developments.
Best Practice | 2 Feb 18
Pension freedom rumours rife on Isle of Man
Multiple sources have told International Adviser that pension freedoms will likely be included in this year’s Isle of Man Budget, to be released on 20 February.
HMRC hits back at ‘out of control’ over-taxing claim
HM Revenue & Customs has responded to a claim it is “out of control” by over-taxing people and then expecting them to claim it back.
Best Practice | 1 Feb 18
‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
United Kingdom | 31 Jan 18
Ringleader of £1.4m scam to spend years in jail
The ringleader of an investment scheme that conned vulnerable people into buying £1.4m ($1.9m, €1.6m) of worthless shares has been sentenced to three and a half years in jail.