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FCA drops HSBC tax evasion probe

The FCA has reportedly ended its investigation into tax evasion at HSBC, with the bank dodging formal action from the regulator. HSBC spent much of 2015 under fire for the actions of its Swiss private bank, which aided more than 1,000 UK customers evade tax between 2005 and 2007. The FCA confirmed in February 2015 […]

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£4trn wiped off stock market in 2016

A total of $5.7trn (£3.9trn) has been wiped off the stock market in the nine trading days so far this year. The $5.7bn is the GDP of the UK and France combined, says Bank of America Merrill Lynch. Volatility in stock markets, largely sparked by the turmoil in China markets and it’s knock-on effect to […]

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China scraps trading ‘circuit breakers’

China has scrapped the ‘circuit breakers’ it introduced at the start of the week that intended to reduce market volatility, after two days of market closure. The circuit breakers were introduced to minimise market losses and meant a 15 minute halt to trading after a 5 per cent fall in the market and a stop to the […]

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Henderson warns Glaxo and Shell will cut dividends

UK companies including Shell and GlaxoSmithKline will have to cut their dividends, as many payouts are not sustainable considering the drop in earnings, says Henderson Global Investors. James Henderson and Laura Foll, managers of the Henderson UK Equity Income and Growth fund, say that big names such as Shell and GlaxoSmithKline will cut their dividends, […]

Your top five queries about chargeable events

So far this year, members of Canada Life’s ican technical team have answered over 3,000 queries from advisers on a wide variety of subjects. One of the main topics of conversation has been chargeable events, and below are the top five most common queries. No. 1. Entitlement to personal allowances The growth in the value […]

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