News
Best Practice | news 5 Sep 17
Complaints against SJP up but Sesame worst advice offender
The UK’s Financial Ombudsman Service (FOS) received 22% more new complaints against St James’s Place in 1H17 compared with 2H16 and, despite a drop in the number of complaints against Sesame, the network remained the most complained about advice provider.
Tax avoidance ‘cost UK £12.8bn’ over five years
Tax avoidance cost the country at least £12.8bn (€13.9bn, $16.6bn) between 2010 and 2015, according to new figures and analysis by the House of Commons Library.
Companies increase long-term focus as quarterly reporting falls
The UK’s top companies are reducing the publication of quarterly reports with an increasing number abandoning them altogether, the UK’s Investment Association has found.
PEOPLE MOVES: RWC Partners, Sanlam Four, Lombard Odier PB
RWC Partner’s acquisition of Pensato Capital has added a seven-strong team, including the firm’s founder, while Sanlam Four and Lombard Odier Private Bank are making a UK push with their latest hires.
Best Practice | news 5 Sep 17
MPs to vote through new UK non-dom rules ‘within days’
New rules for the taxation of non-domiciles are likely to come into force this month, back-dated to take effect from 6 April.