United Kingdom
Tax & Regulation | 9 Mar 16
UBS, Deutsche Bank lose major UK banker bonus tax case
HM Revenue & Customs (HMRC) has shut down a major tax avoidance scheme used by bankers at UBS and Deutsche Bank to avoid paying around £135m in tax.
Macro Views | 9 Mar 16
Rathbones: Asset managers will suffer under Brexit
The hyperbole is in full swing, with even The Queen backing Brexit according to The Sun. A more erudite view perhaps comes from Rathbones’ five common ‘myths’ around a potential exit from the EU.
Tax & Regulation | 7 Mar 16
Senior Managers Regime comes into force in UK
The UK’s new senior managers regime, designed to hold bankers and insurance managers accountable for misconduct in areas under their responsibility, has come into force and will apply equally to officers of the Financial conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
Tax & Regulation | 7 Mar 16
Budget changes to UK pension system still possible
The UK chancellor George Osborne’s widely reported decision to abandon plans to shake up the pension taxation in this month’s budget still leaves room for tinkering with the pensions system, analysts said.
Retirement | 7 Mar 16
UK adults in their 40s and 50s poor retirement planners
Half of UK residents in their 40s and 50s have not yet started planning for their retirement, according to a recent Aviva study.