News
North America | news 15 Aug 17
Three charged in US oil drilling scam promising 55% returns
The US Securities and Exchange Commission has charged two men and an accomplice with defrauding $15m (£11.6m, €12.7m) from more than 150 investors in a scam that promised high returns from an oil drilling investment opportunity.
People Moves | news 15 Aug 17
PEOPLE MOVES: Quilter Cheviot, CBA, Stonehage Fleming
Australia’s largest bank is to lose its chief executive at the end of the next fiscal year, stirring speculation the move might be linked to a money laundering scandal. While, Quilter Cheviot promotes the deputy head of its Birmingham office to the branch’s top spot.
Tax & Regulation | news 15 Aug 17
Football clubs feeling the heat of HMRC scrutiny
Following raids by HM Revenue & Customs on Newcastle United and West Ham and with over 40 players and 12 teams under review, football clubs in the UK are taking a more proactive approach to tax.
Wide profit gap at FTSE 100 firms sparks talk results spun
The gap between stated and adjusted profits for FTSE 100 companies is at a 10-year high, according to AJ Bell which has raised fears firms are intentionally “muddying the waters”.
Best Practice | news 15 Aug 17
Demand for CII pension transfer qualification soars
More than 500 people signed up to the Chartered Insurance Institute’s (CII) pension transfers qualification in the first week of its launch on the back of the Financial Conduct Authority (FCA) tightening advice requirements for the transfer of safeguarded benefits.