Industry
Harlequin open to bad advice claims after Ucis ruling
Clients of UK advisers who claim they were mis-sold the collapsed Harlequin Caribbean property Ucis investment may be eligible for financial redress from the UK’s Financial Services Compensation Scheme (FSCS).
HMRC deadline pushed back for trusts tax planning register
HM Revenue & Customs has given a two-month extension to an October deadline for trusts to be registered, following complaints that the original date did not give enough time to complete registration.
Momentum Pensions to target rival Sipp providers for growth
International Qrops provider Momentum Pensions has announced it intends to grow the self invested personal pension (Sipp) part of its business by acquiring rival companies.
Asset manager vindicated in mammoth £1bn Guernsey court case
US-based The Carlyle Group has won a civil case against claims it was in breach of its duties in the management of a Guernsey fund leading to total investment losses in the 2008 global financial crash.
IoM court hands liquidator more powers after Eco Fund failure
In a significant departure from its historic position, an Isle of Man court has given liquidators greater scope than simply winding up a company’s affairs and enabled them to consider whether restructuring or refinancing proposals are worth pursuing.