United Kingdom
Tax & Regulation | 12 Apr 16
FCA to check consumer understanding of financial products
The UK’s Financial Conduct Authority has decided to check whether banks and building societies are making sure that customers understand the financial products they are buying.
Technology | 12 Apr 16
UK millennials more likely to embrace robo-advice, says Legg Mason
UK millennials are more open to receiving financial advice from automated services, so-called robo-advice, than their counterparts around the world, a survey by global asset manager Legg Mason has revealed.
Tax & Regulation | 11 Apr 16
UK PM unveils new tax evasion law, defends £200k PET
The British prime minister David Cameron has announced a new law which makes companies criminally liable for employees who aid tax evasion as he defended his own tax affairs from mounting criticism following the ‘Panama Papers’ leak.
Tax & Regulation | 11 Apr 16
All crown dependencies to provide company ownership data
The Isle of Man and Jersey have formally committed to provide beneficial ownership information to law enforcement and tax authorities in the UK, with Guernsey set to follow suit after its upcoming general election.
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.