Industry
European Wealth discovers liabilities at US acquisition target
Guernsey-based European Wealth Group’s $1.7bn acquisition of US broker Newbridge faces a fresh hurdle despite receiving regulatory approval.
Tax & Regulation | 24 May 18
Avoid Harry and Meghan tax hangover warn accountants
Property owners who rented out their Windsor properties for thousands of pounds over the Royal wedding weekend or those selling their Royal goodie bags on eBay, risk a tax hangover if they hide their windfall, London accountants Blick Rothenberg have warned.
Honeymoon over for robo advice
The UK’s Financial Conduct Authority (FCA) has made it clear it will hold robo advice firms to the same high standards as human advisers, with experts saying the honeymoon is now over for those trying to curb the rules.
People Moves | 24 May 18
Abacus appoints veteran adviser from Globaleye
Advisers Abacus Financial Consultants have appointed Graham Hughes, a former wealth and employee benefits manager at Globaleye.
Customers of failed Sipp investor paid out
The UK’s Pension lifeboat scheme has made its first compensation payments, totalling £5.7m (€6.4m, $7.6m), to customers of the failed discretionary fund manager Strand Capital.