Tax & Regulation
HSBC GAM Int’l in Jersey to re-home unknown client assets
HM Receiver General in the Channel Island to look after assets as company’s liquidation is finalised
Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors
Isle of Man investment platform receives banking licence
It will offer services to HNWs and corporate clients with at least £500,000 in assets
UK taxman cannot disclose pension recycling data
Breaches are treated on a case-by-case basis but lack of information risks leaving people in the dark
Drop in non-doms hits UK coffers
Taxman sees £2.5bn less in revenue coming in from people residing outside the country