REGIONS

SimplyBiz launches DB pension transfer bureau

SimplyBiz launches DB pension transfer bureau

The SimplyBiz Group has launched a new defined benefit (DB) pension transfer bureau to support advisers who feel their clients would be better served by a pension transfer specialist.

Published : 26, Jul 2017
China remains a hotbed for Ponzi schemes despite crackdowns

China remains a hotbed for Ponzi schemes despite...

Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.

Published : 26, Jul 2017
International Adviser magazine goes digital

International Adviser magazine goes digital

After 12 years of printing monthly copies, International Adviser is going digital from September. This exciting development will allow us to shape our content differently as the markets around the world evolve.

Firms late with Mifid paperwork need emergency plans, says FCA

Firms late with Mifid paperwork need emergency...

Financial firms that have missed the deadline to submit crucial information for compliance with Mifid II rules must have contingency plans in place, the UK’s Financial Conduct Authority (FCA) has warned.

Published : 25, Jul 2017
Is the IMF's UK revision a red flag for investors?

Is the IMF's UK revision a red flag for investors?...

The International Monetary Fund's decision to downgrade the UK's growth forecast for 2017 was likely a wake-up call for some investors. But is it a signal of more dire times ahead? Or just another year of mediocre growth?

Published : 25, Jul 2017
DeVere CEO slams South African expat tax as discriminatory

DeVere CEO slams South African expat tax as discriminatory...Lock icon

South Africa’s decision to tax expats and overseas workers on their foreign income is totally unjust, highly discriminatory and achingly regressive, says deVere Group founder and chief executive Nigel Green.

Published : 25, Jul 2017
Is your DFM offering value for money?

Is your DFM offering value for money?Lock icon

Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a "reasonable cost to each", a consultancy claims.

Published : 25, Jul 2017
Epic Saudi fraud trial coming to a close in Cayman court

Epic Saudi fraud trial coming to a close in Cayman...

One of the biggest trials in Cayman Islands history involving the Middle East’s longest-running business feud is coming to an end after a year in court.

Published : 25, Jul 2017
Jailed ex-Schroders trader ordered to pay £350k to FCA

Jailed ex-Schroders trader ordered to pay £350k...

A UK judge has ruled the Financial Conduct Authority can claw back £350,000 ($455,837, €391,249) from a former Schroders fund manager convicted of insider dealing.

Published : 25, Jul 2017
UK advisers backing multi-asset funds

UK advisers backing multi-asset funds

More than a third (36%) of UK advisers are mainly using multi-asset strategies with clients, up from less than a fifth (18%) last year, research from Aegon UK has found.

Published : 25, Jul 2017
Hong Kong’s Mason plans acquisitions for wealth unit launch

Hong Kong’s Mason plans acquisitions for wealth...

Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn (£2.3bn, €2.5bn) in assets from the ground up through a series of acquisitions.

Published : 25, Jul 2017
S Africa to scrap tax exemption for expats, overseas workers

S Africa to scrap tax exemption for expats, overseas...

South Africans living and working in no and low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).

Published : 24, Jul 2017
OMI unveils offshore bond for Middle East and Africa

OMI unveils offshore bond for Middle East and...

Life insurer Old Mutual International (OMI) has launched an offshore bond for advisers in the Middle East and Africa as part of a revamp of its global offshore bond range.

Published : 24, Jul 2017
Thousands of expats race against time as Saudi amnesty closes

Thousands of expats race against time as Saudi...

A Saudi Arabian expat amnesty that allows undocumented workers and residents to leave the country without facing any penalties has prompted a rush as people try to take advantage of the offer before it expires on Monday.

Published : 24, Jul 2017
More UK life insurers offering cover to British expats

More UK life insurers offering cover to British...Lock icon

More than a quarter of UK life insurance companies now offer life products to British citizens living abroad, research from Unusual Risks Mortgage & Insurance Services has found.

Published : 24, Jul 2017
Commonwealth Bank positions life business for sale

Commonwealth Bank positions life business for...

The Commonwealth Bank of Australia (CBA) is reportedly looking to sell its life insurance business but the move in not linked to recent regulatory changes requiring the country’s biggest banks to hold billions in extra capital.

Published : 24, Jul 2017
Japan’s regulator steps up disclosure duties for life insurers

Japan’s regulator steps up disclosure duties for...

Japan’s financial watchdog, the Financial Services Agency (FSA), is asking life insurance companies to become more scrupulous investors by adhering to a new stewardship code.

Published : 24, Jul 2017
St James’s Place fails on disclosure says UK consumer watchdog

St James’s Place fails on disclosure says UK consumer...Lock icon

Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.

Emerging market growth funds make a comeback

Emerging market growth funds make a comebackLock icon

Emerging markets are increasingly attractive but selecting the right fund is the key to performance, according to Morningstar.

Published : 24, Jul 2017
Is the FCA barking up the wrong tree over platforms?

Is the FCA barking up the wrong tree over platforms?...

The Financial Conduct Authority wants to use the platform review to drive more competition in the asset management sector, but experts are asking whether it is looking in the wrong place.

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Five common mistakes UK expats make about domicile and tax
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St James’s Place fails on disclosure says UK consumer watchdog
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S Africa to scrap tax exemption for expats, overseas workers
S Africa to scrap tax...

South Africans living and working in no and low tax...

UK platform inquiry a ‘red herring’ says Novia CEO Vasilieff
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IoM’s collapsed Louis Group gets second director ban
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