United Kingdom
Woodford sticking with Capita
Days after Capita saw its shares plummet more than 40%, Neil Woodford has said he will not abandon his holdings in the business process outsourcing firm, even though “it has been a poor investment”.
UK offshore tax crackdown failing
A crackdown on offshore tax cheats will net the UK Government just £349m a year, a third of the nearly £1bn ($1.4bn, €1.1bn) that had been forecast.
Best Practice | 5 Feb 18
UK launches £89m power of attorney refund scheme
Nearly two million people who paid for an enduring or lasting power of attorney look set to benefit from a refund scheme launched by the Ministry of Justice and Office of the Public Guardian (OPG).
PEOPLE MOVES: Franklin Templeton, Axa, FCA
Franklin Templeton appoints a lead manager for emerging markets team, Axa IM launches a business development department and the Financial Conduct Authority appoints an executive director of international to oversee Brexit developments.
£5.1bn UK advice firm up for sale
Despite growing assets under management by 10%, the parent company of UK advice firm Saunderson House is looking to sell the business. Sipp provider James Hay will be retained, even as it faces a £20m fine for investments in defunct Guernsey-listed biofuel scheme Elysian Fuels.