News
EU eyes tax evasion law amid ‘Football Leaks’ scandal
The European Commission is set to unveil a new law next year aimed at fighting tax evasion following media reports accusing football stars of using tax havens to hide millions of euros in earnings.
Liontrust nears £10bn milestone with Alliance Trust deal
The acquisition of Alliance Trust’s investment management business is projected to add £2.3bn ($2.9bn, €2.7bn) to Liontrust’s assets under management, pushing it past the £8bn mark.
NN IP launches balanced European sustainable fund
NN Investment Partners has launched the NN (L) Patrimonial Balanced European Sustainable fund, a sub-fund of its Luxembourg regulated NN (L) Patrimonial Sicav.
Retirement | news 15 Dec 16
Providers voice concerns on limits to UK pension transfers
The UK government’s plans to tighten rules on transferring money out of pensions to tackle widespread fraud, has been described as “anti-consumer” by Rops provider Momentum Pensions, which warns the move will unfairly restrict transfers to overseas pensions.
Australia offers fintech licensing exemption
Fintech firms will be able to test certain services in Australia without holding a financial services or credit licence under a “unique” exemption offered by the Australian Securities and Investments Commission (Asic).