United Kingdom
Financial centres slam Paradise Papers backlash
The UK’s crown dependencies and overseas territories have hit back at international media scrutiny and allegations that they facilitate tax avoidance and evasion following the leak of the Paradise Papers.
Prosecutions unlikely following Paradise Papers leak
Recent legislative changes to prevent the facilitation of tax evasion are not retroactive, so it is unlikely that there will be any prosecutions in the UK arising from the cyber attack on Bermuda-headquartered law firm Appleby, a partner at law firm Corker Binning has said.
How are advisers using ETFs and index mutual funds?
This was the question posed by KPMG researchers for Blackrock who asked 130 UK financial advisers, wealth managers and private bankers responsible for £4.5 trillion of client assets.
Best Practice | 6 Nov 17
EU tax haven blacklist talks brought forward
A European Union blacklist of tax havens will move a step closer to reality on Tuesday when the member states’ finance ministers meet to discuss plans to tackle offshore tax avoidance.
Canada Life makes passive push with five portfolio funds
Canada Life has expanded its multi-asset range with the launch of five life and pension funds to complement its active range and make its first large-scale push into passive funds.