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France looks to tighten rules for asset managers

France looks to tighten rules for asset managers...

France’s markets watchdog has set out rules to limit the repayments asset managers make to investors when markets are stressed, making it the latest regulator to shine a light on the industry.

Published : 2, Dec 2016
UK politicians slam HMRC over lack of tax relief scrutiny

UK politicians slam HMRC over lack of tax relief...

British MPs have criticised HM Revenue & Customs (HMRC) over its lack of scrutiny on whether tax reliefs are being used effectively, raising doubts about plans to digitise its services.

Published : 2, Dec 2016
Singapore bans star dealmaker as banks fined £5.3m over 1MDB

Singapore bans star dealmaker as banks fined £5.3m...

An ex-Goldman Sachs banker is facing a ban from Singapore’s securities industry , while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.

Published : 2, Dec 2016
IFA fined £234k for ‘McDonald’s advice’ on doomed Harlequin

IFA fined £234k for ‘McDonald’s advice’ on doomed...

The head of a UK IFA firm, which was one of the biggest sellers of the ill-fated Harlequin Property investments, has been fined £233,600 (€274,259, $291,491) for the poor advice he doled out to pension clients.

Published : 1, Dec 2016
Australia passes law to slash upfront life commissions

Australia passes law to slash upfront life commissions...

The Australian government has passed a law that will significantly reduce the upfront commissions paid on life insurance products and cap ongoing charges.

Published : 1, Dec 2016
South Africa considering tax changes to offshore pension funds

South Africa considering tax changes to offshore...

South African tax authorities may clamp down on the way overseas pension products are taxed, according to Martin Hall, director of Isle of Man-based Optimus.

Published : 29, Nov 2016
Smaller firms likely to bear the brunt of HK fee disclosure

Smaller firms likely to bear the brunt of HK fee...

Hong Kong's enhanced fee disclosure proposals should not have a big impact on banks and fund houses, but may impact smaller intermediaries, according to industry players.

Published : 29, Nov 2016
Industry still fears Trump will veto US adviser reforms

Industry still fears Trump will veto US adviser...

As President-elect Donald Trump prepares to take the helm in the most powerful job on Earth, the advice industry has continued to raise concerns he may scrap the US Department of Labor’s (DoL) upcoming fiduciary rule, requiring specialist retirement advisers to put their client’s interests first.

Published : 29, Nov 2016
Singapore’s 55% commission cap 'good news' for some advisers

Singapore’s 55% commission cap 'good news' for...

The impact of Singapore’s 55% cap on commission payments may not be as severe or restrictive as once thought, and may even see some advisers slightly better off, an industry source told International Adviser.

Published : 29, Nov 2016
Ireland told a French-style wealth tax will raise just €22m

Ireland told a French-style wealth tax will raise...

Ireland’s controversial plans to impose a wealth tax on its super-rich, similar to other European countries such as France and Spain, may yield just €22m (£18.6m, $23.2m), according to a study by the Economic and Social Research Institute (ESRI).

Published : 25, Nov 2016
IRS targets virtual currency in tax avoidance probe

IRS targets virtual currency in tax avoidance...

As part of its investigation into tax avoidance through the use of virtual currencies, the US Internal Revenue Service (IRS) has filed a petition with a California court requesting personal data from virtual currency exchange firm Coinbase.

Published : 24, Nov 2016
Hong Kong regulator pushes for fee transparency

Hong Kong regulator pushes for fee transparency...

Fund distributors in Hong Kong will have to disclose any monetary benefits they receive prior to, or at the point, of sale, under new proposals from the Securities and Futures Commission (SFC).

Published : 24, Nov 2016
Nine key changes from the UK Autumn Statement

Nine key changes from the UK Autumn Statement

Chancellor Philip Hammond took to the despatch box for his first and final Autumn Statement on Wednesday. To the relief on many he resisted further tinkering of the pension system.

Published : 23, Nov 2016
Chancellor cuts growth forecasts, announces £23bn ‘productivity fund’

Chancellor cuts growth forecasts, announces £23bn...

In delivering his Autumn Statement this afternoon chancellor of the Exchequer Philip Hammond announced cuts to growth forecasts and a £23bn ($28.7bn, €27bn) fund to tackle a lack of productivity in the British economy.

Published : 23, Nov 2016
Australia unveils standards bill on degree-qualified advisers

Australia unveils standards bill on degree-qualified...

Australia has introduced a new professional standards legislation that will require financial advisers to be degree-qualified.

Published : 23, Nov 2016
CoInvestor to UK chancellor: Leave pension freedoms alone

CoInvestor to UK chancellor: Leave pension freedoms...

Ahead of Wednesday’s Autumn Statement, alternative assets platform CoInvestor has urged UK chancellor Philip Hammond not to backtrack on pensions freedoms.

Published : 22, Nov 2016
Guernsey’s MTCL fined, directors banned

Guernsey’s MTCL fined, directors banned

Guernsey based fund administration group Marlborough Trust Company Ltd (MTCL) has been fined and its directors banned as part of the ongoing fallout from the Arch Cru investment failure.

Published : 22, Nov 2016
Seven changes advisers should expect from the Autumn Statement

Seven changes advisers should expect from the...

International Adviser rounds up the expert views on what to expect ahead of the UK chancellor Philip Hammond’s debut Autumn Statement on Wednesday.

Published : 22, Nov 2016
Cold calling ban a golden opportunity but other dangers lurk

Cold calling ban a golden opportunity but other...

The government’s plans to crack down on pension cold calling have been hailed as a “golden opportunity” to correct the UK’s “disastrous” rules that are as much use as a “chocolate teapot”, says Angela Brooks of Pension Life.

Published : 21, Nov 2016
Trump must show backbone and repeal Fatca: deVere CEO

Trump must show backbone and repeal Fatca: deVere...

US president-elect Donald Trump must show some backbone and repeal the Foreign Account Tax Compliance Act (Fatca) as a priority, says deVere founder and chief executive Nigel Green.

Published : 21, Nov 2016

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Director of collapsed IFA firm banned after £4m goes missing
Director of collapsed...

The director of a bankrupt UK-based IFA firm, who also...

South Africa considering tax changes to offshore pension funds
South Africa considering...

South African tax authorities may clamp down on the...

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