Industry
Tax & Regulation | 9 Mar 16
UBS, Deutsche Bank lose major UK banker bonus tax case
HM Revenue & Customs (HMRC) has shut down a major tax avoidance scheme used by bankers at UBS and Deutsche Bank to avoid paying around £135m in tax.
Budget concerns drive UK Sipp contributions up in February
Concerns around the upcoming UK budget saw consumers making the most of their pension benefits in February with self-invested personal pension (Sipp) contributions up by 203% compared with the same month last year.
Asia drives Prudential sales growth
Despite a challenging economic environment, Prudential ended 2015 with new business sales up 17%, helped by a 26% growth in its Asian operations.
Calls for reform of life commissions grow in Australia
Consumers will go on being hurt financially until commissions on life insurance are banned in Australia, and a rigorous code of conduct is in place, says Industry Super Australia (ISA), an umbrella organisation for the retirement savings industry.
North America | 8 Mar 16
Scale of US financial adviser misconduct revealed
Around 7% of financial advisers in the US have misconduct records, according to a report by a US-based research group called The National Bureau of Economic Research