Industry
South African expats unite against proposed tax changes
South Africans working in countries with no income tax, such as the UAE, have banded together on social media to oppose new legislation that “might put them at an unfair disadvantage” of having to pay income tax in South Africa.
Axa Wealth and Abbey Life acquisitions drive Phoenix growth
Phoenix Group is eyeing further acquisitions after Abbey Life and Axa Wealth added £22bn ($27.3bn, €25.4bn) in assets under management and more than 1.6 million policies to the life company consolidator’s books in 2016.
Tax & Regulation | 20 Mar 17
HSBC boss ‘tested’ UK tax office on his non-dom status
Stuart Gulliver, the chief executive of HSBC, may have set up a trust to test whether the UK taxman would accept he was a non-dom, according to specialist tax advice agency Mark Davies & Associates.
People Moves | 20 Mar 17
Sarah Lord to leave Killik & Co
Sarah Lord, one of the most highly qualified female financial planners in the UK, is to leave Killik Wealth Planning at the end of March to pursue other opportunities within the industry, the company confirmed to International Adviser.
Tax & Regulation | 20 Mar 17
UK to ‘raid pensions’ to fund U-turn on self-employed tax hike
The UK Treasury is reportedly considering a fresh raid on pensions tax relief in order to plug a £2bn ($2.47bn, €2.3bn) funding gap after chancellor Philip Hammond was forced to drop national insurance contribution (NIC) increases for self-employed people.