Tax & Regulation
News 24 Apr 18
Guardian Wealth hit with $1m fine by Qatar regulator
The Qatar Financial Centre Regulatory Authority has imposed two fines plus costs on Guardian Wealth Management Qatar (in liquidation), a move the company suggests is in retaliation to its decision to cease operating in the country in 2015.
News 23 Apr 18
UK lifeboat scheme to pay 2,700 Beaufort clients in May
The Financial Services Compensation Scheme is aiming to reimburse circa 2,700 clients of defunct Beaufort Asset Clearing Services next month, provided their investment was worth less than £2,000 ($2,802, €2,280).
S Africa to prosecute as outstanding tax returns hit 30 million
The South Africa Government is criminally prosecuting non-compliant taxpayers, including prominent South Africans, as 30 million tax returns are now outstanding in the country.
Gallery 20 Apr 18
Jaw dropping moments from Australia’s Royal Commission
It’s squeaky bum time for senior executives as Australia’s banking, superannuation and financial advice firms face the intense scrutiny of a Royal Commission. Click through the slides below to read some of the incredible moments from the first week of the review into financial advice.
News 19 Apr 18
SEC bid to protect investors scorned by own commissioner
With a recent appeals court ruling putting the Obama-era fiduciary rule in limbo, new proposals from the US regulator to protect retail investors have been heavily criticised by one of the Securities and Exchange Commission’s own.
Gallery 19 Apr 18
Busting cohabitation myths across 6 jurisdictions
In the UK, many couples mistakenly believe that they acquire similar rights to a married couple after living with their partner after a fixed period of time has elapsed. In an attempt to bust cohabitation myths, Teresa Cullen, partner at international law firm Fladgate, looks at what rights unmarried couples have in several jurisdictions.
UK inflation drop raises questions over rate increase
UK consumer price inflation fell sharply to the lowest rate in a year last month, raising questions over the Bank of England’s (BoE) direction on interest rates.
HMRC pulls pension calculator after Royal London pressure
HM Revenue & Customs knew its pension tax calculator was giving incorrect data to users, but only pulled it once Royal London’s director of policy publicly slammed the tool.
News 18 Apr 18
UK Ombudsman faces grilling after TV exposé
Following accusations of poor training by an investigative television programme, the UK’s Treasury Select Committee has set out “important points of principle” it expects to be reflected in the review of the Financial Ombudsman Service (FOS).