United Kingdom
Investment | 15 Feb 16
Investors to receive compensation after FCA prosecution
More than 100 people who invested in a fraudulent collective scheme will collectively receive around £2.9m compensation following the successful prosecution of a fake foreign exchange trader under the Proceeds of Crime Act 2002 (POCA).
HSBC staying in London prompts mixed reaction
Industry reaction to the news HSBC would retain its London headquarters was mixed, as higher capital requirements and being “trapped” in the European Union might work against the banking giant.
Tax & Regulation | 11 Feb 16
UK targets trust-based pension schemes for improvement
Trust-based schemes are being called on to improve their transparency and accountability following HM Treasury’s latest consultation on pension transfers and early exit charges.
Tax & Regulation | 10 Feb 16
IHT tools to escape HMRC tax disclosure rules
Including popular inheritance tax planning vehicles in the UK’s tax avoidance disclosure regime would be a step too far, HM Revenue & Customs has agreed.
Tax & Regulation | 10 Feb 16
Royal London attacks UK Pension Isa proposal
Royal London chief executive Phil Loney has slammed the idea of a Pension ISA, just five weeks before Chancellor George Osborne gives his next budget speech.