In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes?
Old Mutual Emerging Markets chief executive Ralph Mupita has resigned from the firm after 16 years to pursue interests outside of the financial services industry. Mupita, who has been in his role over the past five years, is on a three months’ notice period and will continue in his role during this time. Old Mutual […]
In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]
The Pensions Regulator has begun enforcement action to secure redress for 20,000 members of the BHS pension schemes. It says it has issued warning notices to former BHS owner Sir Philip Green, Dominic Chappell and Retail Acquisitions, which bought the now collapsed department store from Green. Related companies Taveta Investments and Taveta Investments (no.2) have […]
The FCA has been ordered to pay £1,500 in compensation after it wrongly delayed two CF30 applications. The complainant first wrote to the regulator in December 2015 with concerns about how long it was taking to process her husband’s approved person’s application. The complainant said her husband lost four months’ income as a result. According to […]
Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]
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Banned former network boss Charlie Palmer must pay a more than £86,000 fine to the FCA within two weeks, the regulator said today. The FCA published a final notice on 19 September, after Palmer’s appeal to the Upper Tribunal was unsuccessful, which says that his £86,691 fine must now be paid within 14 days. If any […]
The FCA has warned consumers a clone firm of Rathbones Investment Management which has been operating under the name of “Rathbones Brothers”. According to the FCA, fraudsters are using or giving out the details under the name of the UK wealth manager with a false email, website and phone number. The FCA warns that scammers may […]
The more clarity people have on what makes them fulfilled, the happier they will be. So what is the advisers’ role?