United Kingdom
Best Practice | 2 Feb 17
Financial Adviser School achieves LIBF recognition
The Financial Adviser School (FAS), the UK-based training academy owned by Old Mutual Wealth’s (OMW) Intrinsic network, has secured recognition from The London Institute of Banking and Finance.
North America | 1 Feb 17
Trump’s travel ban may lead to UK ‘influx’ of foreign HNWIs
US president Donald Trump’s controversial travel ban of some Middle East citizens could result an “influx” of high net worth individuals (HNWIs) from the region coming to the UK, according to London and Geneva-based law firm Collyer Bristow.
Ex-adviser jailed for Cambodian biofuel scam faces SFO action
A former financial adviser currently serving six years in a UK prison for his part in a collapsed biofuel investment scam, is facing further enforcement action by the Serious Fraud Office (SFO) after missing the deadline to pay a confiscation order.
Tax & Regulation | 1 Feb 17
HMRC fines for ‘careless’ errors up 70% but half are dismissed
HM Revenue & Customs (HMRC) penalties against taxpayers who have made ‘careless’ errors on their tax returns have soared by nearly 70% although half of these are dismissed on appeal, according to latest figures obtained by international tax advisory firm RSM.
IoM regulator confirms two commission disclosure deadlines
Life insurance companies on the Isle of Man must provide broad commission disclosure from 1 January 2018 and policyholder specific commission disclosure from 1 January 2019 under the proposed new Conduct of Business Code.