United Kingdom
Best Practice | 7 Oct 16
Over 75% of UK advisers back ‘polluter pays’ FSCS levy
More than three quarters of advisers in the UK support the introduction of a risk-based Financial Services Compensation Scheme (FSCS) levy, according to a new survey from platform provider AJ Bell.
Best Practice | 6 Oct 16
CISI defends industry against UK PM’s crackdown on advisers
The Chartered Institute for Securities & Investment (CISI), a UK professional standards body for the financial services industry has defended advisers against British prime minister Theresa May’s pledge to crackdown on the profession for helping the rich avoid tax.
Investment | 5 Oct 16
ANALYSIS: A passporting trade-off looms for Brexit Britain
With Britain’s impending exit from the European Single Market all but confirmed, it’s time to face the possible consequences for asset managers.
Canada Life ends fair value adjustment on UK property funds
Canada Life has removed the fair value adjustment on property values in its commercial property funds imposed at the start of the month when it lifted a suspension of redemptions.
Tax & Regulation | 30 Sep 16
HMRC data sharing deal with Crown dependencies goes live
A new data sharing agreement has officially come into force with the HM Revenue and Customs (HMRC) expected to be handed the details of hundreds of thousands of offshore accounts on Friday as part of a move for wider transparency from the Isle of Man, Jersey, Guernsey and the Cayman Islands.
