News
Latin America | news 6 Jul 16
Lionel Messi sentenced to 21 months for tax fraud
Argentinean footballer Lionel Messi has been sentenced to 21 months in prison for tax fraud by a Spanish court after being found guilty of defrauding Spain of €4.1m (£3.5m, €4.6m) between 2007 and 2009.
UBS ordered to release account details to French authorities
Switzerland’s Federal Tax Administration has ordered UBS to provide account information to French authorities, with the Swiss bank now expecting similar requests from other countries.
Spain’s Mapfre to expand global asset management business
Spanish-based insurance giant Mapfre, one of Europe’s top 10 insurance companies by premium volume, has rebranded its asset management arm and announced plans to expand into third-party business.
Best Practice | news 6 Jul 16
Pension planning concerns grow among UK financial advisers
British financial advisers are becoming increasingly concerned about making retirement income recommendations following the launch of pension freedom rules, according to MetLife.
Fund managers warn on European bank stress
The banking sector’s worrisome low valuations have the potential to spark a financial crisis, fund managers said.