News
Sovereign Group cuts fees on Rops
International pensions provider Sovereign Group has removed ‘ad hoc’ transactional fees from all its new and existing recognised overseas pensions scheme (Rops) products.
Aus adviser stole client money to pay Wolf of Wall Street
An Australian financial adviser has been banned after he used client money to pay for a house, cosmetic surgery for his partner, and to repay debts to Jordan Belfort, better known as the Wolf of Wall Street.
Offshore Bonds | news 4 Nov 16
HMRC decision on 5% life withdrawals ‘weeks away’
HM Revenue and Customs (HMRC) has confirmed that changes to the 5% tax free withdrawal from offshore bonds will not be announced until after the chancellor’s Autumn statement on 23 November.
French prosecutor pursues HSBC in €180bn tax fraud case
A French prosecutor has called for HSBC to stand trial for helping clients hide more than €180bn (£161.3bn, $199.8bn) in offshore tax havens from the country’s tax authorities, French news agency AFP has reported.
Royal London AM reports jump in managed assets
UK investment house Royal London Asset Management (RLAM) has announced that total funds under management by the group has exceeded £100bn for the first time.