INDUSTRY

Only 15 in Ireland disclose offshore assets as deadline looms

Only 15 in Ireland disclose offshore assets as...

Just 15 taxpayers have voluntarily declared offshore assets to Ireland’s tax authority since finance minister Michael Noonan announced plans to take tougher action to tackle offshore tax evasion in his October 2016 Budget.

Published : 24, Feb 2017
Brexit database to be launched for British expats in Europe

Brexit database to be launched for British expats...

University of Cambridge academics are compiling a database to enable UK expats living in the EU to receive up-to-the-minute advice throughout the negotiation process once Britain triggers Article 50 later this year.

Published : 24, Feb 2017
Malta slammed over ‘aggressive’ tax planning rules

Malta slammed over ‘aggressive’ tax planning rules...

Some of Malta's tax rules may be used in structures of aggressive tax planning, a new report by the European Commission has found.

Published : 24, Feb 2017
PEOPLE MOVES: Canaccord, Cigna, NN IP

PEOPLE MOVES: Canaccord, Cigna, NN IP

Canaccord Genuity Wealth Management turned its attention to south-east Asia with its latest appointment. Cigna Global Health Benefits Europe strengthened its senior management team, while NN Investment Partners added three to its new responsible investment team.

Published : 24, Feb 2017
South Africa budget targets high earners with top rate hike

South Africa budget targets high earners with...

South Africa finance minister Pravin Gordhan has announced a new top tax bracket of 45% in his 2017 Budget.

Published : 24, Feb 2017
Standard Life sees 20% rise in offshore bond business

Standard Life sees 20% rise in offshore bond business...

Standard Life has reported a 20% increase in offshore bond assets under administration (AUA) as the insurer looks to strengthen its foothold in India.

Published : 24, Feb 2017
Drawdown beats annuities but pension cash is king

Drawdown beats annuities but pension cash is king...

More than half of UK pension pots accessed for the first time were withdrawn entirely as cash lump sums in Q3 2016. Drawdown proved twice as popular as annuities but a fall in the number of people seeking advice before making pension decisions has some in the industry concerned.

Published : 24, Feb 2017
UK's Prudential to enter DB transfer advice market

UK's Prudential to enter DB transfer advice market...

UK insurance giant Prudential said it will begin offering clients advice on the increasingly contentious area of defined benefit (DB) pension transfers.

Published : 23, Feb 2017
Axa reports record revenues as CEO rules out Generali bid

Axa reports record revenues as CEO rules out Generali...

French insurer Axa said revenues crossed the €100bn (£84bn, $105bn) mark for the first time in the company’s history as chief executive Thomas Buberl distanced himself from a bid for Generali’s German life insurance business.

Published : 23, Feb 2017
Adviser network Nexus Global expands to Latin America

Adviser network Nexus Global expands to Latin...

European IFA network Nexus Global (NXG) has expanded to Latin America with the addition of EBG International, a Chile-based advice firm that focuses on the financial planning needs of international executives across the region.

Published : 23, Feb 2017
One in 10 calls to the FCA about scams

One in 10 calls to the FCA about scams

More than one in 10 consumers contacting the Financial Conduct Authority (FCA) do so to report a financial scam and to find out what they can do about it, the UK regulator revealed Thursday.

Published : 23, Feb 2017
UK Budget could see further cuts to lifetime allowance

UK Budget could see further cuts to lifetime allowance...

The UK's lifetime allowance (LTA) for pension savers could be slashed again in the Spring Budget next month, according Markas Gilmartin, founding partner of Bristol-based IFA firm Epoch Wealth Management.

Published : 23, Feb 2017
Praemium sacks chief executive Michael Ohanessian

Praemium sacks chief executive Michael Ohanessian...

Australia-headquartered platform provider Praemium has terminated the employment of chief executive and managing director Michael Ohanessian.

Published : 22, Feb 2017
Average life expectancy on the rise around the world

Average life expectancy on the rise around the...

Average life expectancy in high income countries such as the UK, Germany, the US, Australia and Canada is set to increase by 2030 while South Koreans are likely to live the longest, according to research published in the British medical journal Lancet.

Published : 22, Feb 2017
Ombudsman orders deVere UK to compensate client

Ombudsman orders deVere UK to compensate client...

The UK's financial ombudsman has upheld a complaint against deVere and Partners (UK), in part, after a client accused the international advice firm of “passing the buck”, not providing sufficient advice and making poor investment choices.

Published : 22, Feb 2017
Castle Trust launches multi-jurisdictional Rops

Castle Trust launches multi-jurisdictional Rops...

Gibraltar-based Castle Trust Group has launched the Centurion Retirement Plan featuring recognised overseas pension schemes (Rops) in Gibraltar and Malta that allow free switching between the schemes and jurisdictions to suit clients’ changing needs.

Published : 22, Feb 2017
Swiss-Hong Kong fund recognition scheme garners interest

Swiss-Hong Kong fund recognition scheme garners...

The planned Switzerland-Hong Kong mutual fund recognition scheme has already begun to attract interest from Asian fund managers interested in the lucrative Swiss market.

Published : 22, Feb 2017
China to lift 50% foreign ownership cap on life insurers

China to lift 50% foreign ownership cap on life...

China is considering easing the 50% ownership cap on overseas life insurers buying domestic companies in the biggest shakeup of the industry in almost two decades.

Published : 22, Feb 2017
Property scheme investment advice unsuitable: Ombudsman

Property scheme investment advice unsuitable:...

The UK Financial Ombudsman Service (FOS) has determined that advice given to a client by financial advice network The Falcon Group to invest £83,000 ($103,269, €97,263) of his pension fund in a scheme focused on the leisure property industry was not suitable.

Published : 21, Feb 2017
South Africa’s Lombard Life fined by regulator

South Africa’s Lombard Life fined by regulator...

The Financial Services Board (FBS) of South Africa has fined Lombard Life for not complying with rules about informing policyholders of their right to appeal after the company rejected their claims.

Published : 21, Feb 2017

Sponsored Content

British widow in France refunded over pension advice
British widow in France...

A British widow has been refunded for poor advice she...

UK plans to reform DB schemes trigger alarm bells
UK plans to reform DB...

The UK government has suggested softening the rules...

Ombudsman orders deVere UK to compensate client
Ombudsman orders deVere...

The UK's financial ombudsman has upheld a complaint...

UK Budget could see further cuts to lifetime allowance
UK Budget could see further...

The UK's lifetime allowance (LTA) for pension savers...

Praemium sacks chief executive Michael Ohanessian
Praemium sacks chief...

Australia-headquartered platform provider Praemium...

OTHER STORIES FROM LAST WORD...