Tax & Regulation
UK investment scams up by over a third in five years
But pension fraud reports decreased significantly
HSBC GAM Int’l in Jersey to re-home unknown client assets
HM Receiver General in the Channel Island to look after assets as company’s liquidation is finalised
Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors
Isle of Man investment platform receives banking licence
It will offer services to HNWs and corporate clients with at least £500,000 in assets
UK taxman cannot disclose pension recycling data
Breaches are treated on a case-by-case basis but lack of information risks leaving people in the dark