08/20/2012

Monti Negates Rumours Of Italian Income Tax Cut

From the moment that his government had been appointed with parliamentary support, Monti added, it had pursued structural reforms in the economy and the public sector with that singular aim.

08/20/2012

FSCS places Cru IFAs in default

Hertfordshire-based Conforto Financial Management was also on the list of 21 investment firms recently placed in default by the scheme. It was wound up in November 2010 following the £1.5 million purchase of Optimal Wealth Management.

08/19/2012

Acrimony dents chances of Swiss-German tax deal

The chances of any swift Swiss-German deal to counter tax evasion looked slim on Sunday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks.

08/19/2012

Tax-soaked French bankers feeling London's lure

French financial groups big and small, from advisory firms and private equity houses to big banks like Societe Generale, are looking at London as a possible shelter from a new 75 percent tax rate on top French earners, bankers say.

08/19/2012

Platforms reject claims over two year RDR ‘grace period’

The Tax Incentivised Savings Association (Tisa) last week said some of its members had raised concerns about how long it will take them to update their systems so they can facilitate RDR-style rebates from funds. After the RDR, these rebates will consist

08/15/2012

IFAs call for better qualified FSA staff

When asked how many of the FSA’s senior directors and board members had level four or equivalent, how many were chartered and have a master’s degree in finance, the FSA responded that fewer than 10 senior directors held any of those qualificat

08/15/2012

UK banks are complicit in criminal acts

The scandals reveal the complicity of the regulators including the Financial Services Authority (FSA) and the Bank of England (BoE), and successive governments which act as the protectors of those financial gangsters.