News
€8bn refund on cards following French tax ruling
A French Constitutional Court ruling that a 3% surtax on dividends was unconstitutional is expected to see about €8bn (£7.15bn, $9.4bn) claimed in refunds.
Investment | news 20 Oct 17
‘Dangerous’ ETF boom at root of next crisis
“The world has gone mad” Baillie Gifford’s Charles Plowden has said, comparing the boom in exchange-traded funds (ETFs) to the hysteria that led to the global financial crisis.
PEOPLE MOVES: Generali, HSBC Life, Lombard Odier
Generali Group parts ways with its chief insurance officer, HSBC Life appoints a new chief executive and Lombard Odier pulls its new head of family wealth services from UBP.
Ex-SJP adviser jailed for gambling away £850k of client money
An appointed representative of St James’s Place has been jailed for 40 months after being found guilty of stealing and losing £844,010 ($1.1m, €940,707) from eight clients over a period of three years.
Best Practice | news 20 Oct 17
HMRC sets out ‘opaque’ abusive tax scheme penalties
Advisers who enable abusive tax avoidance schemes face penalties that will take into account “relevant considerations”, draft guidance from HM Revenue & Customs revealed on Friday.