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UAE plans to impose fund registration fees on life products

UAE plans to impose fund registration fees on...Lock icon

The Securities and Commodities Authority (SCA) in the UAE has circulated a draft set of regulations which will for the first time impose the foreign funds promotion registration fee on mutual funds offered as part of life insurance products.

Published : 30, Aug 2016
Henderson sees strong dividend growth in Korea

Henderson sees strong dividend growth in Korea...Lock icon

South Korea is one of the most attractive regions in Asia in terms of dividend growth potential, said Henderson Asian Dividend Income Fund co-manager Sat Duhra.

Published : 29, Aug 2016
Former US baseballer becomes unlikely financial adviser

Former US baseballer becomes unlikely financial...Lock icon

Controversial former US baseball star Jose Canseco has developed something of a cult following after several of his contrarian market predictions have come true.

Published : 26, Aug 2016
Greater disclosure requirements for US investment advisers

Greater disclosure requirements for US investment...Lock icon

Investment advisers in the US will need to provide more information to the Securities and Exchange Commission (SEC) as the regulator steps up its monitoring of the asset management industry.

Published : 26, Aug 2016
Industry duo launch offshore support firm

Industry duo launch offshore support firmLock icon

Former VAM Funds sales director Nigel Watson and Bryan Low, founder of Acuity Consultants, have joined forces to set up a distribution company for international products called Provisca.

Published : 26, Aug 2016
Schroders rolls out China-focused multi-asset fund

Schroders rolls out China-focused multi-asset...Lock icon

Global asset manager Schroders said improving investor sentiment toward China and the demand for income has prompted it to launch a new China Asset Income Fund.

Published : 26, Aug 2016
Hansard International launches flexible commission bond

Hansard International launches flexible commission...Lock icon

Hansard International has launched a bond offering a zero commission option for financial advisers recommending single premium products to clients.

Published : 26, Aug 2016
South African IFAs want more industry support

South African IFAs want more industry supportLock icon

South African asset management firms and investment service providers need to do more to help make the lives of IFAs easier, a survey from consultancy firm Insight Discovery has found.

Published : 25, Aug 2016
M&A firm Phoenix to shut down Cayman holding company

M&A firm Phoenix to shut down Cayman holding company...Lock icon

Life company consolidator Phoenix Group plans to close its Cayman Islands holding company and set up a new operation in the UK.

Published : 25, Aug 2016
Rops harder to sell post-pension freedom, say providers

Rops harder to sell post-pension freedom, say...Lock icon

Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.

Published : 25, Aug 2016
PEOPLE MOVES: Old Mutual, Eastspring, BNP Paribas

PEOPLE MOVES: Old Mutual, Eastspring, BNP Paribas...Lock icon

Changes abound in Singapore with Old Mutual Global Investors creating a new managing director role, Eastspring Investments naming a new chief executive, and HSBC Bank appointing a head of retail banking and wealth management.

Published : 25, Aug 2016
UK rate cut to increase platform fees, says James Hay

UK rate cut to increase platform fees, says James...Lock icon

IFG Group, the parent company of UK Sipp provider James Hay, has warned that the Bank of England’s (BoE) interest rate cut earlier this month could see platform charges rise.

Published : 25, Aug 2016
Ex-Julius Baer ‘whistleblower’ cleared of secrecy law breaches

Ex-Julius Baer ‘whistleblower’ cleared of secrecy...Lock icon

A former Julius Baer banker accused of passing sensitive data to WikiLeaks has been given a 14-month suspended sentence after a Zurich court turned down prosecution demands that Rudolf Elmer be convicted of breaching Swiss bank secrecy laws despite being based in the Cayman Islands, according to media reports.

Published : 24, Aug 2016
UK IFA ordered to pay client over Arch Cru pension transfer

UK IFA ordered to pay client over Arch Cru pension...Lock icon

UK-based IFA firm Tenet must compensate a client for advising him to transfer his pension into the doomed high-risk Arch Cru fund, which lost investors up to £361m ($462m, €408m).

Published : 24, Aug 2016
Campaign group calls for Fatca exemption for US expats

Campaign group calls for Fatca exemption for US...Lock icon

American Citizens Abroad (ACA), a campaign group for US citizens living overseas, has called on the US Treasury Department to amend Fatca regulations which would allow US expats to hold bank accounts exempt from the stringent reporting standards.

Published : 24, Aug 2016
Guernsey’s Providence fund ordered to be wound up

Guernsey’s Providence fund ordered to be wound...Lock icon

The Royal Court of Guernsey has ordered the winding up of Providence Global Ltd, the parent company of locally registered Providence Investments Funds and its manager Providence Investment Management International.

Published : 23, Aug 2016
ANALYSIS: Brains or blind faith behind EM call?

ANALYSIS: Brains or blind faith behind EM call?...Lock icon

Emerging markets are back in favour, but are investors going back in on solid fundamentals or blind hope?

Published : 23, Aug 2016
UK ombudsman pledges to tackle scammers of £755m fraud

UK ombudsman pledges to tackle scammers of £755m...Lock icon

The UK’s Financial Ombudsman Service (Fos) has set out the scale of fraud carried out in the country’s financial services sector, pledging to work with other regulatory bodies such as the Financial Conduct Authority to crackdown on scams.

Published : 23, Aug 2016
Robo-advisers will take years to be profitable, warns report

Robo-advisers will take years to be profitable,...Lock icon

Robo-advisers will have to wait up to a decade to make a profit from their clients, according to a new report into the sector.

Published : 23, Aug 2016
IVCM targets int’l investors with relaunched New Zealand Rops

IVCM targets int’l investors with relaunched New...Lock icon

IVCM, formerly Brooklands Pensions, is reopening its New Zealand recognised overseas pension scheme (Rops) and will include funds managed by Emirates NBD Asset Management and Vanguard Investments Australia.

Published : 23, Aug 2016

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