United Kingdom
Tax & Regulation | 11 Apr 16
UK launches taskforce to tackle Panama Papers
HM Revenue & Customs and the UK’s National Crime Agency will work with investigators, compliance specialists, the Serious Fraud Office and the Financial Conduct Authority (FCA) to deal with the fallout of the Panama Papers.
Aegon sells two-thirds of UK annuity book
Dutch-headquartered life group Aegon is selling two-thirds of its UK annuity book to insurer Rothesay Life.
Tax & Regulation | 11 Apr 16
IoM shares beneficial ownership data with the UK
The Isle of Man is to set up a central database of beneficial ownership information that it will share with law enforcement agencies in the UK.
Tax & Regulation | 11 Apr 16
Nutmeg embraces US expats after Fatca reporting overhaul
Investment platform Nutmeg has confirmed it will make its services available to US citizens living in the UK, despite the growing number of wealth managers exiting the market due to the increased regulatory requirements relating to the Foreign Account Tax Compliance Act (Fatca).
Flagstone unveils cash ‘auction’ platform for wealthy savers
High net-worth individuals in the UK can now auction their cash deposits by inviting banks to bid for their money in return for better interest rates – with some cases securing rates that are up to 50% more competitive than those advertised, according to investment management firm Flagstone.