United Kingdom
Best Practice | 26 Oct 17
Tax evasion/avoidance make up a fifth of the £34bn UK tax gap
The UK lost out on a fifth of the tax revenue it expected to raise in 2015/16 because of evasion and avoidance, figures released on Thursday by HM Revenue & Customs show.
Intrinsic helps double OMW’s client flows
Strong cash flows and a solid performance saw Old Mutual Wealth’s (OMW) funds under management rise 14%, year to date, with the firm’s net cash flow soaring 92% on the back of a strong performance by Intrinsic.
Best Practice | 26 Oct 17
Analysis: Advisers can benefit from Brexit
There are some serious positives for savvy advisers with the long shadow of Brexit negotiations driving expats to seek professional advice in droves.
Trust acquisition adds Asia presence to $95bn offshore specialist
Bermuda-based Bank of N.T. Butterfield & Son will establish an Asia presence following its acquisition of Deutsche Bank’s Global Trust Solutions (GTS) business.
Retirement | 25 Oct 17
Fewer pensioners ‘splurging irresponsibly’
Hedonist pensioners forking out for luxury experiences are becoming rarer, according to Financial Conduct Authority pensions freedoms data.