News
United Kingdom | news 25 Jan 17
Ex-footballer Alan Shearer reportedly suing over mis-selling
Former England football captain Alan Shearer is reported to be taking legal action against a financial salesman to reclaim up to £6m ($7.5m, €7m) after being ‘mis-sold’ investments, according to an English newspaper.
Chinese debt and equity in the year of the Rooster
Those born in the Year of the Rooster are said to be hard working, patient, resourceful and courageous. M&G Investments’ equity and fixed income teams explore how these characteristics can be utilised to help investors navigate through the challenges and opportunities to come.
Green EU politicians name 140 firms in hitlist of ‘tax dodgers’
Cross border financial services provider STM was among a list of 140 firms accused of helping wealthy individuals avoid paying tax on a large scale, according to a new report by the Tax Justice Campaign, run by Green Party politicians in the European Parliament.
Tax & Regulation | news 25 Jan 17
UK tax ‘error’ penalties up almost 40% in HMRC clampdown
HM Revenue & Customs penalties against taxpayers who have deliberately understated their income are up nearly 40%, according to new figures obtained by international tax advisory firm RSM.
Retirement | news 25 Jan 17
UK pension freedoms trigger £9.2bn in outflows
The UK’s radical pension freedom reforms have led to over £9.2bn (€10.7bn, $11.5bn) getting encashed from pension plans since April 2015, HM Revenue & Customs revealed on Wednesday.