Tax & Regulation
EU eyes ‘hard law’ approach to regulating advisers
The European Commission could follow in the footsteps of the UK by imposing fines and other disciplinary measures for advisers, who use “aggressive” tax planning schemes to help their clients avoid paying tax.
Tax & Regulation | 9 May 17
UK’s RDR has failed to bring advice to the masses
The Retail Distribution Review (RDR) regulations, which banned commission and introduced a fee-based model for advisers, has failed to improve the accessibility of financial advice, according to industry stalwart Peter Mann.
Tax & Regulation | 9 May 17
UK Sipp giant faces £1.8m tax bill over Guernsey biofuel scheme
UK Sipp provider James Hay has been hit with a £1.8m (€2.12m, $2.3m) tax bill from HM Revenue and Customs (HMRC) over the Guernsey-listed biofuel investment scheme Elysian Fuels.
Middle East | 9 May 17
Clouds linger over mutual fund industry in the UAE
The mutual funds industry in the UAE is still waiting for clarity from the Securities and Commodities Authority (SCA) on its recently introduced registration and promotion systems as another regulator, the Insurance Authority, moves ahead with life company and adviser reforms.
Tax & Regulation | 8 May 17
UK advisers struggling with pension tax rules, says Prudential
A growing number of UK financial advisers are struggling to get to grips with the country’s complex pension regulations and tax planning, latest figures from Prudential reveal.