Industry
DeVere CEO demands FATCA repeal as Americans hand back passports
Donald Trump’s administration must scrap the Foreign Account Tax Compliance Act (Fatca), deVere Group chief executive Nigel Green has said, as record numbers of Americans renounce their US citizenship.
PEOPLE MOVES: OMGI, Manulife, First Names
The London Insurance Fraud Enforcement Department has appointed a head of department, while a Newton Investment alum joins Old Mutual Global Investors as head of responsible investment, and a restructure at Jersey firm has reportedly lead to several job losses.
Best Practice | 17 Nov 17
UK offshore tax evaders face 200% penalties
Offshore tax evaders face “much higher” penalties for non-compliance under new Right To Correct (RTC) rules revealed by HM Revenue & Customs.
Regulator gives STM more time ahead of failings probe
The Gibraltar Financial Services Commission has agreed to stand inspectors down ahead of a new court date.
Pensioners opt for financial advisers over Pension Wise
Consumers entering income drawdown are three times more likely to seek professional financial advice than they are to use the government’s free Pension Wise service, according to new research by AJ Bell.