United Kingdom
Tax & Regulation | 20 Jan 16
Former KPMG partner among 10 charged with tax cheating
The former head of investment advisory for KPMG in the UK, Patrick McCoy, is one of 10 people charged with tax cheating offences who have been ordered to appear at Birmingham Magistrates’ Court next month.
Old Mutual’s Intrinsic reported to be in talks to buy Tenet
Old Mutual Wealth-owned adviser network Intrinsic is believed to have begun talks to buy Tenet, according to UK media reports.
Tax & Regulation | 20 Jan 16
New UK exit fee cap to apply equally to work-based plans
The UK pensions minister Ros Altmann says the new powers handed to the Financial Conduct Authority to cap exit fees on savers seeking access to their pension pots will apply equally to occupational and work-based personal schemes.
Shell warns of profit collapse as FTSE slides
Royal Dutch Shell has issued a warning its fourth quarter profits could be only half what was booked in the same period a year ago as it struggles with the oil price slump.
United Kingdom | 20 Jan 16
Channel Islands sees 8% rise in securities exchange listings
More than 400 securities were listed on the Channel Islands Securities Exchange (CISE) during 2015, an increase of 8% compared with 2014.