United Kingdom
Latest news | 1 Dec 17
Offshore tax regime ‘may breach human rights’
Incoming Requirement to Correct (RTC) rules “are a potential breach of human rights” according to James Quarmby, a top private client tax lawyer.
Life insurer fined €1m for laundering failures
The Irish insurance regulator has fined Italian life insurer Intesa Sanpaolo €1m ($1.1m, £884,459) for anti-money laundering and terrorist financing compliance failures.
FCA takes civil action against Sipp introducers
The Financial Conduct Authority has commenced civil proceedings against two unregulated introducer firms, linked to controversial ethical tree investment schemes, for allegedly making misleading statements on pension investments.
Architas gives Woodford the chop
Architas has pulled Neil Woodford’s equity income fund from its multi-asset and multi-manager range, becoming the third fund group to ditch the mega manager in a matter of months.
Best Practice | 30 Nov 17
Guernsey Finance: ‘Not sure what more we’re supposed to do’
Guernsey Finance chief executive Dominic Wheatley is “not sure what more we’re expected to do” to help improve transparency in the fight against offshore tax evasion, he told International Adviser.