United Kingdom
Isle of Man minister reveals plan to avoid EU tax blacklist
The EU has told the Isle of Man if it wants to stay off its tax haven blacklist, the island’s government needs to address the “lack of legal substance requirements” for all companies doing business on the island, according to chief minister Howard Quayle.
PEOPLE MOVES: Guardian Wealth, Mark Mobius, Axa
A former Nexus Singapore financial planner joins Guardian Wealth in Dubai, Mark Mobius nabs two former Franklin Templeton colleagues for his asset management boutique and Axa announces the retirement of a veteran fund manager.
UK pension freedoms withdrawals hit £17bn
Almost £17.5bn (€20bn, $24.3bn) has been withdrawn from pensions since the freedoms were launched three years ago, according to the latest figures from HM Revenue & Customs.
Asset manager targeted in criminal investigation
The City of London Police has appealed for information following allegations that the management and staff of Kingsbridge Asset Management, including financial advisers, conspired to defraud a large number of clients.
UK buyers choosing global funds over domestic
Morningstar Investment Management says UK buyers are flocking to global equity funds as regionally diversified exposure proves more alluring than the beleaguered domestic market.