Europe
UK and Spain to probe £120m storage pod pension scams
The UK’s Serious Fraud Office is working with the Spanish authorities to investigate the promoters of self-storage investment schemes, warning that £120m (€139m, $156m) of investors’ money could be at risk.
Colombia’s Falcao accused of €5.5m tax fraud in Spain
Colombian footballer Radamel Falcao faces trial for allegedly defrauding the Spanish Treasury of €5.5m (£4.7m, $6.2m).
Best Practice | 19 May 17
The naked truth about MiFID II
The realities of Mifid II are beginning to dawn as advisers across Europe start to realise that commission transparency will be led by product providers, which could leave them feeling a bit exposed, says Shane Wood, business development manager for European IFA network OpesFidelio.
Standard Life sets sight on Dublin for EU hub
Edinburgh-headquartered Standard Life is expected to choose Dublin as the centre for its European Union operations after the UK government completes the two years of Brexit negotiations.
Gibraltar firm fined and directors banned over pension schemes
A Gibraltar financial services firm with links to the Panama Papers has been fined and had two of its directors banned for providing trustee services to pension schemes despite having been denied permission to do so by the regulator.