Industry
Commodities | 25 Apr 16
Oil ETFs roll out in Hong Kong
South Korean-based Samsung Asset Management and Mirae Asset Global Investments along with China’s CSOP Asset Management are among the firms planning to launch crude oil exchange traded funds (ETFs) in Hong Kong.
Offshore Bonds | 25 Apr 16
HMRC to overhaul 5% tax free allowance on life bonds
The UK tax office plans to overhaul rules governing the part surrender and part assignment of life insurance policies to redress the unfair tax bills which some individuals face if they withdraw money from an investment bond in the wrong way.
Barclays pulls out of Gibraltar
Barclays is to close its remaining Gibraltar office and depart the British overseas territory, two years after it began winding down its retail banking operations there.
The implications of FAMR for the rest of Europe
The recent release of the UK’s Financial Advice and Market Review (FAMR) might not have had much impact elsewhere in Europe but perhaps it should have done, says Paul Stanfield, secretary general of the European Federation of Financial Advisers and Financial Intermediaries (FECIF)
Tax & Regulation | 22 Apr 16
HMRC claims billion pound week with win against Jersey firm
The UK tax office has won a judgement against a limited partnership registered in Jersey, the Clavis Liberty Fund 1 LP scheme, which it claimed had tried to create artificial tax losses.