United Kingdom
Momentum Pensions to target rival Sipp providers for growth
International Qrops provider Momentum Pensions has announced it intends to grow the self invested personal pension (Sipp) part of its business by acquiring rival companies.
Asset manager vindicated in mammoth £1bn Guernsey court case
US-based The Carlyle Group has won a civil case against claims it was in breach of its duties in the management of a Guernsey fund leading to total investment losses in the 2008 global financial crash.
IoM court hands liquidator more powers after Eco Fund failure
In a significant departure from its historic position, an Isle of Man court has given liquidators greater scope than simply winding up a company’s affairs and enabled them to consider whether restructuring or refinancing proposals are worth pursuing.
Best Practice | 5 Sep 17
Complaints against SJP up but Sesame worst advice offender
The UK’s Financial Ombudsman Service (FOS) received 22% more new complaints against St James’s Place in 1H17 compared with 2H16 and, despite a drop in the number of complaints against Sesame, the network remained the most complained about advice provider.
Tax avoidance ‘cost UK £12.8bn’ over five years
Tax avoidance cost the country at least £12.8bn (€13.9bn, $16.6bn) between 2010 and 2015, according to new figures and analysis by the House of Commons Library.