United Kingdom
Investment | 4 Aug 17
Eco Fund liquidator replaced in blow to Isle of Man regulator
An Isle of Man judge has ruled that the liquidator appointed to the collapsed Eco Resources Fund should be replaced despite objections from the island’s Financial Services Authority (IoMFSA).
Tax & Regulation | 3 Aug 17
Big UK insurers not offering financial advice tax break
Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
Netherlands and UK are biggest channels for tax haven inflows
The Netherlands and the UK facilitate global tax avoidance by acting as conduits for 37% of corporate money heading to tax havens, research by academics at the University of Amsterdam shows.
Best Practice | 2 Aug 17
‘Common sense’ prevails in FCA’s insistent client guidelines
Updated guidance on how UK advisers should deal with clients who insist on going against their advice has been welcomed as “common sense” by Old Mutual Wealth’s chief distribution officer Richard Freeman.
North America | 2 Aug 17
Defunct Ethical Forestry investors urged to claim compensation
Investors in collapsed Costa Rican tree investment group Ethical Forestry have been urged to make claims for compensation on the grounds that their original investment could have been mis-sold.