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Scottish Widows escapes pension transfer complaint at ombudsman

Scottish Widows has escaped a complaint to the Pensions Ombudsman that the provider unfairly reduced the value of a client’s pension transfer. The client, referred to as Mrs E, requested a cash equivalent transfer value out of Scottish Widows’ Retirement Benefit Scheme in June 2015, and was quoted a figure of £686,687. In early August, […]

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Royal Bank of Canada pulls UK tax advice offering

Royal Bank of Canada has stopped offering tax advice to its clients in the UK and Channel Islands as firms grow increasingly wary about providing tax advisory services. The bank made the decision to cut the service over the summer, and has dismissed claims the decision was related to HM Revenue & Customs’ ongoing work on tax avoidance. An […]

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MPs ready to vote against triggering Brexit

Several MPs say they will vote against triggering Article 50 as they call for a referendum on the UK’s Brexit deal with EU leaders. Last week, SCM Investments founder Gina Miller won a Brexit legal challenge that paves the way for MPs to vote on triggering Article 50. The Government has already confirmed it will appeal the […]

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US markets upbeat as Clinton gains in final polls

US markets ended their nine-day losing streak on Monday as poll momentum returned in favour of Hillary Clinton ahead of the final day of voting in this year’s presidential election. It had been the longest losing streak for US markets in 35 years. The S&P 500, Dow Jones Industrial Average and Nasdaq were all up above […]

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White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.

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