The Mauritius Financial Services Commission announced through Government Notice that the Financial Services (Special Purpose Funds) Rules 2013 finally came into operation on the 1st of June 2013. This long awaited Fund structure by the industry and Fund Managers / Promoters will be approved as a collective investment scheme or a closed-end fund and authorized […]
Plans to cap pension scheme charges to help people save more towards retirement are to be brought forward, the Government has confirmed. Under the proposals, a cap of 0.75 per cent of the funds under management could be placed on the charges of defined contribution workplace pension schemes – a move that could boost an […]
The traditional inheritance is becoming a thing of the past as more parents choose to give away assets during their lifetime, data from the Office for National Statistics (ONS) has suggested. The UK’s ageing population, alongside rising living and care costs, is also diminishing assets which might traditionally have been passed on to others, it […]
More than half of couples (53 per cent) over the age of 40 have no plans in place to ensure that when one partner dies, their pension will continue to pay an income to the surviving partner, research from Prudential has found. The research also found that: 21 per cent of women over 40 are […]
The UK’s six largest energy firms have been questioned by a committee of MPs over recent increases in electricity and gas prices. The Energy and Climate Change Committee is exploring how the transparency of energy company profits can be improved.While recent energy price increases have averaged 9.1 per cent, wholesale prices for gas and electricity […]
The UK economy grew by 0.8 per cent in the third quarter of 2013, according to data from the Office for National Statistics (ONS), prompting Chancellor George Osborne to say the country is ‘on the path to prosperity.’ Output grew across all four main industrial groups, increasing:1.4 per cent in agriculture0.5 per cent in production […]
Tony Eades, Marketing Director and Bill Elmer Sales Director of Your Australian Business explain what it is that Your Australian Business can help you with and how working alongside them can benefit your business when making the move to Australia. Watch the FULL Video Here
The UK pension system is ‘not fit for the future’ and in urgent need of reform, a former Government adviser has said. Commenting on a report titled ‘Pensions – Time for change’, pensions expert Ros Altmann said that the idea of retirement is changing as many people continue to work later-on in life while gradually […]
Local councils should waive town centre parking charges in support of the UK’s first Small Business Saturday being held on 7 December, the Forum of Private Business (FPB) has said.The business group is calling on councils across the UK to lend their support to the inaugural Small Business Saturday UK – an initiative to encourage […]
Eight million adults – 16 per cent of the UK population – expect they will have to borrow money to pay for Christmas this year, research from Thinkmoney has found. The number is in fact down from 18 per cent who borrowed last year to afford presents, food, drink and entertainment over the festive period.The […]
SEBI allows Pre-Emption rights and Call/Put options On 3 October 2013, SEBI has rescinded its earlier notification of March 2000 and has permitted contracts with – (a) Pre-emption Rights – ‘Right of First Refusal’ (ROFR), Tag/Drag rights; and (b) Call/Put options; to be included in Shareholder Agreements and Articles of Associations of Indian companies. Please […]
In the recent Isle of Man Budget it was announced that the Tax Cap, that is the maximum income tax liability for individual residents of the Isle of Man, will remain at £120,000 per person or £240,000 for a jointly assessed married couple. This imaginative policy was introduced in 2006 in a bid to […]