Individuals seeking to transfer their pension savings out of a defined benefit (DB) pension scheme are receiving suitable advice in fewer than half of cases, the Financial Conduct Authority (FCA) has found.
New report urges firms to tackle financial security ‘gender gap’
Financial firms must seize the opportunity to better engage female consumers, who are facing a financial security “gender gap” as a result of workplace inequalities and underinvestment, experts have said.
European Commission publishes ‘far-reaching’ plans for single VAT system
Plans to simplify and modernise EU VAT laws will dramatically decrease cross-border fraud while cutting compliance costs for businesses, the European Commission has said.
UN slams Myanmar for lack of access to Rakhine state after convoy witnessed ‘unimaginable’ suffering
The lack of humanitarian access granted by Myanmar’s government to Rakhine state, where over half a million Rohingya Muslims have fled violence, was “unacceptable”, the UN said on Friday.
“The access we have in northern Rakhine state is unacceptable,” Mark Lowcock, head of the UN humanitarian office, told reporters in Geneva.
A small UN team visited the crisis-wracked region in majority Buddhist Myanmar in recent days and described witnessing “unimaginable…
Cambodian government files lawsuit to dissolve main opposition party
Cambodian government lawyers filed a lawsuit on Friday to demand the dissolution of Cambodia’s main opposition party after its leader was charged with treason last month.
Interior Ministry spokesman Khieu Sopheak said the ministry filed the lawsuit with the Supreme Court asking for the Cambodia National Rescue Party to be dissolved.
He said the ministry had found that the opposition party violated the law with its alleged involvement with plotting to topple the government.
The government…
EU: platforms will not lose defence to liability for illegal content they host by proactively detecting and removing that material
Online platforms would not expose themselves to becoming liable for illegal content uploaded by their users by proactively detecting and removing such material from their sites, the European Commission has said.
Marcos son ‘Bongbong’ confident of being declared Duterte’s vice-president after Philippines vote recount
The son and namesake of late Philippine dictator Ferdinand Marcos declared Thursday he was confident of ousting the current vice-president in a legal challenge, which would place him a heartbeat away from leading his country. Ferdinand “Bongbong” Marcos Jnr also confirmed his family was in talks with President Rodrigo Duterte, a political ally, to end the government’s three-decade hunt for billions of dollars worth of national assets allegedly stolen by his father and…
Former medal winning New Zealand Olympian targeted in alleged cheque fraud
By Sam Hurley A New Zealand Olympic great and politician was the target of an alleged bank fraud scheme. Dick Quax has been named in court documents alongside his wife Roxanne Bakke as the complainants in a criminal case currently before the Manukau District Court. The silver medal-winning Olympic runner confirmed to the Herald he has been in contact with investigating police after an electrician was charged with using bank cheques in Quax and Bakke’s names. James Alexander…
Poison VX found on clothes of women accused of Kim Jong-nam murder
Traces of a nerve agent used to murder the half-brother of North Korea’s leader were found on the clothes of two women on trial for assassinating him, a chemist testified Thursday. His testimony is the first evidence directly linking the women to the poison VX which was used to kill Kim Jong-nam as he waited at a crowded airport in the Malaysian capital Kuala Lumpur. Indonesian Siti Aisyah and Vietnamese Doan Thi Huong are accused of smearing VX on Kim’s face in February in a…
Amazon state aid decision ‘likely to worry’ other US multinationals, says expert
The European Commission has decided that tax rulings given by Luxembourg granted “undue tax benefits” to online retailer Amazon of around €250 million which breach EU state aid rules.