Tax & Regulation
Aussie watchdog wealth management investigations up by 216%
The Australian watchdog issued five infringement notices and A$307,800 in penalties in H1 2019
Prudential loses court case over £12bn annuity transfer
But agreement with Rothesay Life ‘remains in place’
Ex Barclays Wealth COO dodges ban over misconduct
But UK regulator issued a public notice regarding his actions
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