Tax & Regulation
Tax & Regulation | 17 Jun 15
UK gov’t steps up reform pressure on pension industry
The British Government has announced plans to strengthen the ability of savers to access their pension pots and tackle any unjustifiable exit fees thrown up by pension providers.
Tax & Regulation | 17 Jun 15
Macquarie agrees compensation for wrap platform users
Macquarie Investment Management, the asset management arm of Australia’s Macquarie Bank, is to refund over A$5.5m (£2.68m, $4.2m) to around 2,300 clients for errors on its wrap platform.
Hong Kong SFC fines Phillips Securities over fund mis-selling
The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Phillip Securities (HK) Ltd $1 million for failings in selling a fund to four clients who lost their investment.
Tax & Regulation | 16 Jun 15
FCA fines rise sharply in 2014 to over £1.47bn
Britain’s Financial Conduct Authority (FCA) penalised firms a total of £1.47bn ($2.3bn) in 2014, though the number of fines fell pushing the severity of the penalties up sharply, according to the 2015 Global Enforcement Review published by Kinetic Partners.
Tax & Regulation | 15 Jun 15
Ex-lovers and colleagues fuel rise in tax whistleblowing
Experts have said that a 50% leap in payments by HM Revenue & Customers to tax informants could be driven by ousted spouses and angry ex-colleagues