News
Woodford loses investors money over three years
Investors in Neil Woodford’s flagship equity income fund have now lost money over the last three years, as 2018 brings more hardships for one of the UK’s favourite star managers.
‘Unlimited fines’ on the way for offshore tax evaders
Prison sentences and “unlimited fines” are two draconian penalties HM Revenue & Customs (HMRC) will have at its disposal from next week for UK taxpayers who evaded tax through offshore means in tax year 2017/18.
Tax & Regulation | news 29 Mar 18
HMRC to be quizzed over fairness towards individuals
HM Revenue and Customs is to face questioning over its treatment of individuals during tax enquiries.
IFAs urged to ditch IoM life cos over commission disclosure
IFA firms should “wrest control” of their businesses from life companies based on the Isle of Man before the Conduct of Business Code comes into force, the director of Thames River International has argued. A move described by one industry source as “dodgy” and a “stain on the industry”.
FCA to probe Aviva £450m share U-turn
The Financial Conduct Authority is to investigate insurance giant Aviva over whether its plan to cancel preference shares was market abuse.