Industry
Tax & Regulation | 7 Jun 17
Labour’s land value tax unlikely to apply to gardens
Plans by Britain’s opposition Labour Party to impose a ‘land value tax’ are unlikely to apply to gardens and other “productive land”, despite criticism the policy could cost the average home £5,539 (€6,346, $7,149).
Tax & Regulation | 7 Jun 17
FCA orders another UK firm to immediately cease pension advice
The Financial Conduct Authority has ordered Glasgow-headquartered Intelligent Pensions to stop providing pension advice in the latest in a series of actions taken by the UK watchdog to clamp down on pension transfers.
Middle East | 7 Jun 17
Dubai regulator sees complaints drop but scams still dominate
There has been a sharp drop in the number of complaints received by the Dubai Financial Services Authority, which regulates of the DIFC, but most of those it receives still relate to scams.
Retirement | 6 Jun 17
Pension transfer delays expected as HMRC misses Rops deadline
Pension transfers are likely to be delayed and providers, advisers and clients have been left in limbo after HM Revenue & Customs failed to publish a new list of recognised overseas pension schemes (Rops) that was scheduled for Monday.
PEOPLE MOVES: Mirae Asset Life, HSBC, Schroders
Mirae Asset Life Insurance’s chief executive has resigned and been replaced by one of the company’s vice presidents. HSBC has created a head of financial crime compliance role for its Channel Islands and Isle of Man operations, while Schroders has appointed a head of multi-asset product for north Asia.