United Kingdom
Tax & Regulation | 21 Jul 16
Three UK advisers arrested in £132m tax-dodging fraud
Three UK tax advisers have been arrested as part of a HM Revenue & Customs (HMRC) investigation into a suspected £132m ($173m, €157m) fraud involving offshore trusts.
Aberdeen lowers dilution adjustment on UK Property
Aberdeen has reduced the dilution adjustment on its UK Property Fund and its feeder unit on the back of slowing redemptions the firm said.
Tax & Regulation | 20 Jul 16
New FCA chief unconvinced FAMR recommendations will work
UK Financial Conduct Authority chief executive Andrew Bailey has admitted to the government’s Treasury Select Committee that proposals made by the Financial Advice Market Review may not solve the advice gap, which was in part created by the Retail Distribution Review.
Tax & Regulation | 20 Jul 16
UK should apply brakes on further tax reform, OMW says
Old Mutual Wealth is calling on the UK government to halt any further plans for pension reform despite a recent survey by the life insurer suggesting that changes to tax relief would not discourage retirement saving.
Aetna adds employee mental health cover to insurance plans
Expat health insurer Aetna International will now offer specialist mental health services as part of its international healthcare plans.