Industry
Latin America | 19 Jan 16
Brazil offshore tax amnesty signed into law
Residents of Brazil with undeclared offshore assets can now voluntarily declare and regularise their tax affairs without facing criminal prosecution and only face a one-off charge and penalty.
Tax & Regulation | 19 Jan 16
UK government moves to cap early exit pension charges
UK chancellor George Osborne has announced plans to introduce legislation to give the Financial Conduct Authority (FCA) the power to cap excessive early exit charges for those eligible to access their pension pots under the new pension freedoms.
Tax & Regulation | 19 Jan 16
Authorised UK firms hit with £363m FSCS levy
Firms authorised by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will have to collectively pay £363m ($518m, €475m) to fund the Financial Services Compensation Scheme (FSCS) in 2016/17, an increase of 13.1% from £319m in 2015/16.
People Moves | 19 Jan 16
PEOPLE MOVES: Prudential, HSBC GAM, JP Morgan AM…
Some of the biggest firms in the finance industry announced significant people moves this week; with Prudential naming a chief executive, HSBC GAM making two chief executive appointments in Asia, and JP Morgan promoting a new head of retail in China.
Alternatives | 19 Jan 16
Close Brothers AM sees record inflows into IHT service
UK wealth manager Close Brothers Asset Management (CBAM) said its Close Inheritance Tax Service (CITS), which can help investors reduce death duties, had raised a record £45m ($64m, €59m) in 2015.