United Kingdom
UBS targets mass affluent market with new wealth platform
Swiss banking giant UBS has rolled out a new digital platform in the UK targeting a broader pool of investors.
Tax & Regulation | 7 Mar 17
UK advisers to alert HMRC if clients use offshore tax structures
Financial advisers in the UK could be required to notify HMRC of all clients using offshore tax planning structures, according to George Bull, a senior tax partner at tax and consulting firm RSM, adding that the measure could be rolled out in the UK’s last ever Spring Budget on Wednesday.
Tax & Regulation | 6 Mar 17
IoM regulator investigates another troubled sustainable fund
The Isle of Man Financial Services Authority (IOMFSA) has appointed a controller for Quadris Environmental Forestry Fund PCC, a fund investing in Brazilian teak plantations, its third such move against a sustainable fund in less than a year.
Tax & Regulation | 6 Mar 17
HMRC reveals 80% rise in annual allowance breaches
The number of people breaching the annual allowance has jumped by almost 80% for the 2014/15 tax year, data from HM Revenue & Customs (HMRC) has shown.
Tax & Regulation | 2 Mar 17
Isle of Man to officially wind up Nicaraguan bamboo fund
The Isle of Man’s financial services regulator is looking to officially liquidate the stricken Eco Resources Fund, which convinced 189 investors to put $61m (£48m, €57m) into building a bamboo plantation in Nicaragua.