News
Tax & Regulation | news 9 May 16
HMRC client criminal activity checks a burden for businesses
HM Revenue & Customs issued 1,468 production orders last year demanding that UK businesses provide information and documents relating to current or former clients suspected of criminal activity, according to city law firm RPC.
Bosera, SLI to launch EM fund in Hong Kong
In an east-west asset management partnership, SLI and Shenzhen-based Bosera International launched the Emerging Opportunities Bond Fund in Hong Kong on Monday.
Insurance body slams ‘poorly designed’ EU pension product
Insurance Europe, the trade body that represents the European insurance and reinsurance industry, has slammed plans for an EU-wide single pension product as “poorly designed”.
Retirement | news 6 May 16
More UK savers on track for retirement
The UK appears to be taking their retirement a bit more seriously, with 12% of the population now on track for the retirement they aspire to have, up from 7% in April 2015, according to Aegon UK.
North America | news 6 May 16
US moves to tighten beneficial ownership rules
The US government has adopted a new rule requiring financial institutions to identify the true owners of companies they do business with in a bid to crackdown on international tax evasion, media outlets have reported.