Wheatley ‘disappointed’ to leave FCA with unfinished business
Ousted Financial Conduct Authority boss Martin Wheatley has said he is “disappointed” to be leaving his job at the UK regulator and feels a “sense of unfinished business” at doing so.
Regulation
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Deadline for HMRC employee benefit trust settlements fast approaching
Companies have just days left to settle their use of employee benefit trusts (EBTs) with HM Revenue & Customs or risk facing substantially higher tax bills, accountancy firm Moore Stephens has warned.
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Irish funds look forward to Hong Kong Stock Connect approval
The Central Bank of Ireland’s clarification of rules governing how Irish-domiciled funds can utilise the Shanghai-Hong Kong Stock Connect scheme should spark a rush of applications, according to Irish Funds, which represents the cross-border funds industry in Dublin.
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UK Gov’t to tighten salary rules to enforce pension taper
The UK Government plans to tighten rules around salary payments to enforce new rules governing annual tax free pension contribution allowances for high earners.
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WMA ‘delighted’ by Osborne’s Budget statement
The Wealth Management Association has said it was delighted to see Chancellor George Osborne heralding the importance of savings and investment in his Budget statement.
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UK gov’t to cut pension allowances for high income earners
The UK government will begin to reduce pension annual allowances for those on incomes of over £150,000 from April next year, the chancellor George Osborne announced in his Summer Budget.
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ISA-like pensions on the cards in ‘radical’ Green Paper
Pensions could be taxed like ISAs as part of a fundamental reform of tax relief, chancellor George Osborne said in today’s UK Budget.
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UK Gov’t bans permanent non-dom status
The UK Government will abolish permanent non-dom status in a bid to raise £1.5bn in extra tax, chancellor George Osborne announced in today’s Summer Budget.
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Serial tax avoiders to be ‘named and shamed’, Osborne reveals
The UK’s chancellor of the exchequer has said serial users of tax avoidance schemes will be ‘named and shamed’ as he promised to introduce further measures to tackle evasion, avoidance and aggressive tax planning in his Summer Budget.
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FCA releases final rules to improve banking standards
The Financial Conduct Authority (FCA) has published a final set of rules designed to improve individual accountability and raise standards across the City of London.
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FCA rejects call for fee freeze, hikes adviser rates
The Financial Conduct Authority (FCA) has rejected calls for a freeze in its fee hikes and has confirmed a 10.2% increase in 2015/16 for financial advisers.
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Kinetic Partners: FCA fines up sharply in 2014
The FCA penalised firms a total of £1.47bn ($2.3bn) in 2014, according to the 2015 Global Enforcement Review published by consultant Kinetic Partners.
