United Kingdom
United Kingdom | 13 Jul 15
Investors take firm to High Court over film scheme scandal
Hundreds of investors have begun a legal battle against UK media investment firm Ingenious after the film production initiative they invested in was accused of being a tax avoidance scheme, media reports have revealed.
Standard Life names financial planning service 1825
Standard Life has decided to call its new UK-wide financial planning business 1825 to evoke the investment and savings company’s long heritage.
Offshore bonds to benefit from permanent non-dom abolition
The life industry has recommended offshore bonds to those facing UK tax on their foreign income, following the abolition of permanent non-dom status in yesterday’s Budget.
Relief at secondary annuity market delay
The government’s decision to delay the start of a new secondary market in annuities has been met with widespread relief by the pensions industry which is still grappling with how to implement the proposal.
Tax & Regulation | 8 Jul 15
UK gov’t to cut pension allowances for high income earners
The UK government will begin to reduce pension annual allowances for those on incomes of over £150,000 from April next year, the chancellor George Osborne announced in his Summer Budget.