News

Fines, sanctions and blacklisting could await tax havens refusing to publish details of their accounts as a result of the G20 communiqué, but no enforcement time-table has been decided.

A nationwide study examining the financial options open to retirees and the advice they will need is being launched by the Association of IFAs (AIFA) and Prudential UK.

The Organisation for Economic Co-operation and Development (OECD) Secretariat has unveiled a report on financial centres' progress in implementing an internationally agreed standard on exchange of information for tax purposes.

Here we list who has moved where in another busy week in the offshore sector.

Nicolas Sarkozy faced claims yesterday that in his previous job as a lawyer he often helped rich French clients to open tax-friendly bank accounts in Switzerland.

Norwich Union is to withdraw its inflation guarantee option for its with-profits investment bond.

Guernsey investment manager Corazon Capital stands to lose millions following the collapse of a leading hedge fund, according to reports.

Skandia has added the Sarasin International Equity Income fund to its Selestia Investment Solutions and Life and Pensions fund range.

The German government is targeting those German banks operating in Switzerland that maintain accounts for Liechtenstein foundations as part of its tax haven crack down, according to German newspaper Der Spiegel.

Fund managers in emerging markets are increasingly considering environmental, social and corporate governance (ESG) factors in their investment decisions, according to Mercer.