United Kingdom
Tax & Regulation | 8 Aug 16
Ingenious hits back at HMRC ‘inaccuracies’ in case ruling
The chief executive of film partnership firm Ingenious has attacked HM Revenue & Customs in response to the UK tax office’s ruling on two tax avoidance cases.
Canada Life reassures investors on life bond withdrawals
Canada Life has reassured financial advisers that clients using its life bonds can still access their money even if part of their funds are in suspended UK commercial property funds.
Retirement | 5 Aug 16
BoE cuts and QE ‘catastrophic’ for pension funds: says deVere
The Bank of England’s decision to cut interest rates and expand quantitative easing (QE) to cushion the UK from recession is not the answer to the country’s economic woes, the chief executive of deVere Group has warned.
Best Practice | 5 Aug 16
Compulsory standards needed so advisers can compare DFMs
Compulsory reporting standards are needed for discretionary fund manager (DFM) firms so that advisers can better compare them, a panel of industry experts has said.
Tax & Regulation | 5 Aug 16
HMRC hails victory in film scheme tax cases
The UK tax office has claimed victories in two long running legal disputes over schemes involving artificially created losses, which had ensnared several high-profile entertainment and sporting figures and involved hundreds of millions of pounds in unpaid taxes and interest.