Mixed responses to UK pension scam consultation

The UK government’s consultation on tackling pension scams received mixed responses, as it acknowledged that the pension freedoms may have contributed to the rise in scams.

Best Practice | 15 Feb 17

Provisca brings UK standards to int’l pension transfers

International product distribution company Provisca has signed a partnership agreement to market and distribute The QROPS Bureau’s independent technical support, due diligence and compliance support service to advisers outside the UK.

Tax & Regulation | 15 Feb 17

Isle of Man to investigate collapse of Nicaraguan bamboo fund

The Isle of Man’s High Court of Justice has appointed an inspector to look into the collapse of the $61m (£48m, €57m) Eco Resources Fund, after it went bust last November.

Tax & Regulation | 15 Feb 17

Ex-financial adviser given maximum 15-year bankruptcy order

A former financial adviser has been handed the maximum bankruptcy order of 15 years for acting in the management of a company while he was subject to a lengthy director’s ban.

North America | 15 Feb 17

All Canadian schemes removed from HMRC Rops list

UK pension transfers to Canada have been effectively blocked after the three remaining Canadian recognised overseas pension schemes (Rops) were removed from HM Revenue & Customs’ (HMRC) list on Wednesday.

United Kingdom