United Kingdom
Tax & Regulation | 18 Jan 17
UK government rules out public registers for crown dependencies
A call from an influential government select committee for the UK’s overseas territories and crown dependencies to create central public registers of beneficial ownership has been rejected by the UK government.
Ex-Harlequin accountants appeal $11.6m UK court order
UK accountancy firm Wilkins Kennedy is appealing against recent a High Court judgement ordering it to pay $11.6m (£9.5m, €10.8m) to Harlequin Property SCG, the company behind the stricken £400m fund.
SMP Partners granted Jersey licence
SMP Partners, the Isle of Man-based international corporate and trust service provider, has been granted a licence by the Jersey Financial Services Commission (JFSC) and opened an office on the island.
Tax & Regulation | 16 Jan 17
IoM global commission disclosure still two years away
Life companies based on the Isle of Man will have to disclose client commission worldwide from January 2019, the head of the Isle of Man Financial Services Authority (IoMFSA) has confirmed.
Best Practice | 16 Jan 17
SJP faces backlash for escaping 1% exit charge on pensions
St James’s Place, one of Britain’s biggest wealth managers, has come under fire over claims it will not be caught by an incoming cap on exit charges.