Tax & Regulation
Best Practice | 22 Nov 17
Budget: Little pension change a ‘welcome respite’
It is “business as usual” for UK pensions as no major changes were included in the Autumn Budget by chancellor Philip Hammond, although some small tweaks were made to the lifetime allowance, asset management and the personal income allowance.
Russian billionaire arrested in France for tax evasion
Despite holding a diplomatic passport, French police arrested one of Russia’s richest men in Nice on Monday in connection with a tax evasion case, the country’s prosecutors have confirmed.
Best Practice | 22 Nov 17
Analysis: UAE faces up to a new way of doing business
Regulatory changes proposed by the UAE Insurance Authority could completely change the way business is done in the region.
HSBC fined record HK$400m for Lehman Brothers-related failures
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.
DeVere abandons part of South Africa court appeal
DeVere Investment has dropped two of the three points of appeal it lodged after losing a South Africa Labour Appeal Court ruling that it had to pay fired area manager Ross Pennell outstanding commission, notice, and an unpaid bonus.