Archive for July, 2016

AMARCHAND PARTNER HONORED

Mr. Shardul Shroff, the Managing Partner of India’s largest law firm Amarchand Mangaldas was, yesterday, February 28, 2012, awarded for his ‘Outstanding Contribution to the field of Law’, by Chambers and Partners, at The Chambers Asia-Pacific Awards 2012, in association with Lex Mundi, the world’s leading association of independent law firms, where Amarchand Mangaldas is an exclusive member fo...

29 Feb 3:51 PM 0 Read More...

NEW TAX AVOIDANCE LAW

It has been reported that the next budget will see UK chancellor George Osborne announce a clamp down on corporate tax avoidance.   The Guardian has reported that Osborne will announce the new so called ‘generalised anti-avoidance rule’ in light of the Treasury’s closing down of two tax avoidance schemes which Barclays bank used to save £500 million of tax costs.   A spokesman from t...

29 Feb 3:40 PM 0 Read More...

OUT OF POLICY EXPENSES

Out of Policy Expenses Cost UK Businesses over £692 Million   A report analysing expense claims made by more than 200,000 UK employees has revealed that companies paid out £692 million last year in out of policy expenses. According to the study conducted by travel and expense company Concur, for every £100 a UK business paid out in expenses last year, nearly £10 (£9.85) was spent ou...

29 Feb 3:03 PM 0 Read More...

FSA'S PENSION PROPOSALS

The Financial Services Authority (FSA) today (Feb 28) published a consultation paper outlining proposals to change the way pension transfer analysis is carried out. The proposed changes will clarify and update the current standards and aim to ensure that pension scheme members considering a transfer are given a fair assessment of what they will receive in retirement.   A pension transfer is where a pension is mo...

28 Feb 4:20 PM 0 Read More...

GLOBAL MANDATES IN DEMAND

The number of alternative asset mandates awarded by Towers Watson’s clients worldwide to direct fund managers increased in most asset classes in 2011, continuing a five-year trend. Last year the number of hedge fund mandates awarded to direct fund managers was nearly three times higher than via fund of funds, which have fallen by two-thirds (by number of mandates) during the past five years. Similarly, last yea...

27 Feb 4:23 PM 0 Read More...