United Kingdom
Seven IM unveils new model portfolio service
Wealth manager Seven Investment Management (7IM) has launched a new managed investment service for advisers and added new features to its flagship discretionary managed portfolio.
Tax & Regulation | 27 Apr 17
Uncertainty reigns as non-dom changes dropped at ‘11th hour’
UK taxpayers will now face a period of uncertainty after new non-domicile rules and inheritance tax changes to UK residential properties were dropped from the Finance Bill at the last minute, according to industry experts.
Tax & Regulation | 27 Apr 17
Chelsea is latest football club embroiled in HMRC tax probe
Chelsea is the latest Premier League football club to become involved in a £5m (€5.8m, $6.4m) HMRC investigation into tax fraud after Newcastle and West Ham were raided earlier this week.
Qrops ‘fire sale’ averted as reforms survive Finance Bill cull
Reforms overhauling overseas pension transfers may have survived the UK government’s wide-ranging cull of the Finance Bill in a bid to avoid a “fire sale” of Qrops, according to Rachael Griffin, financial planning expert at Old Mutual Wealth.
Retirement | 26 Apr 17
Pension freedom withdrawals break through £10bn barrier
UK consumers withdrew £10.8bn ($13.8bn, €12.7bn) from their pensions during the first two years of the pension freedoms.