Chancellor uses Budget to scare tax cheats
Tax avoidance schemes have dropped, but Osborne has tightened legislation enabling HMRC to demand upfront tax payment.
Regulation
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Banking on swerving another FX scandal
While Mark Carney was being quizzed by MPs over the Bank of England’s responsibilities in cases against manipulation of FX markets, the FCA was busy announcing its latest recruit a new head of investment banking.
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bonus rules uncerctainty reported
A requirement that managers of UCITS funds take at least 50% of their bonuses in the funds they oversee has created uncertainty in Europe’s asset management industry, though some say the matter has been overblown.
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Bank of England suspends official
The Bank of England has suspended a staff member as part of an internal review into allegations that officials condoned or were informed of manipulation in the foreign exchange market.
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Fund groups flocking to Ireland
The Irish Funds Industry Association (IFIA) has reported a significant uptake in applications by fund managers seeking authorisation in Ireland under AIFMD.
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FSCS ditches interim levy for 2013-14
Following a review of its budget plan, the FSCS will no longer raise an interim levy on intermediaries for 2013 and 2014.
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dj chris moyles and former liontrust manager (1)
A tax avoidance scheme used by celebrities and fund managers, including one-time Radio 1 DJ Chris Moyles and former Liontrust fund manager Eoghan Flanagan, has been closed down by HMRC.
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dj chris moyles and former liontrust manager
A tax avoidance scheme used by celebrities and fund managers, including one-time Radio 1 DJ Chris Moyles and former Liontrust fund manager Eoghan Flanagan, has been closed down by HMRC.
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Firms to reveal all costs to clients under MIFID
Latest MIFID news discloses transparency obligations for investment firms and fund managers.
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outsourcing a growing europe trend cerulli
Europe’s growing regulatory environment is impacting the continent’s asset managers in a number of ways, including pressuring them to outsource key functions though the outsourcing direction “is not all one way”, according to Boston-based research firm Cerulli.
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IMA on dealing commission for research
The IMA has published its eight-point plan on the use of dealing commission to purchase investment research.
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uk taxpayers set to gift an extra 100m
UK taxpayers are set to “waste” as much as £4.7bn this year by not taking advantage of available tax mitigation tools, according to new research.
