Supermodel Kerr hands over $8m in jewellery linked to 1MDB

Supermodel Kerr hands over $8m in jewellery linked...

Australian supermodel Miranda Kerr has handed over $8.1m (£6.4m, €7.2m) worth of jewellery to US authorities that she allegedly received from former boyfriend Jho Low, a person of interest in the 1MDB scandal.

Published : 27, Jun 2017
£500m divorce market an ‘untapped’ opportunity for UK advisers

£500m divorce market an ‘untapped’ opportunity...

People going through divorce and separation are “crying out” for specialist financial advisers, according to a new report by the UK’s Personal Finance Society (PFS).

Published : 27, Jun 2017
PEOPLE MOVES: JP Morgan AM, Prudential, Mirae Asset

PEOPLE MOVES: JP Morgan AM, Prudential, Mirae...

Stephanie Flanders is to leave JP Morgan Asset Management, while Prudential has named a financial planning and strategy director for its advisory firm. Mirae Asset Global Investments has a new head of Nordic sales.

Published : 27, Jun 2017
HMRC targets trusts used for tax planning with new register

HMRC targets trusts used for tax planning with...

HM Revenue & Customs has kickstarted a new beneficial ownership register targeting those who set up trusts to “generate tax consequences” in guidelines published on Tuesday.

Published : 27, Jun 2017
British expats blast UK’s ‘lacklustre’ offer on Brexit rights

British expats blast UK’s ‘lacklustre’ offer on...

UK citizens living in Europe have condemned the British government’s decision not to guarantee the rights of EU citizens living in the UK, despite plans to maintain reciprocal healthcare rights and the 'triple lock' on pensions.

Published : 27, Jun 2017
UK expats in EU offered pension ‘triple-lock’ and healthcare

UK expats in EU offered pension ‘triple-lock’...

The British government has announced it will maintain reciprocal healthcare rights and the 'triple lock' on pensions for the 1.2 million UK citizens currently living in the EU.

Published : 26, Jun 2017
Why the Bank of England is the 'real' public enemy number one

Why the Bank of England is the 'real' public enemy...

The Bank of England is the real reason behind the UK’s rising inequality and soaring asset prices but has been “skulking away invisibly” in the background, according to Tim Price of Price Value Partners.

Published : 26, Jun 2017
M&G shifts four UK funds to Luxembourg over Brexit fears

M&G shifts four UK funds to Luxembourg over Brexit...

UK asset manager M&G Investments is transferring four domestic open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.

Published : 26, Jun 2017
Schroders launches US focused wealth management company

Schroders launches US focused wealth management...

Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.

Published : 26, Jun 2017
Old Mutual unveils offshore bond for UK market

Old Mutual unveils offshore bond for UK market...

Life insurer Old Mutual International has launched a new offshore bond in the UK aimed at savers caught out by cuts to the pension allowances.

Published : 26, Jun 2017
Harvest Global funds first to get Swiss-HK recognition

Harvest Global funds first to get Swiss-HK recognition...

Specialist China and Asian markets asset manager Harvest Global Investments has become the first firm to qualify funds for the Switzerland-Hong Kong Mutual Recognition of Funds (MRF) scheme.

Published : 26, Jun 2017
Hong Kong’s Insurance Authority goes live

Hong Kong’s Insurance Authority goes live

Hong Kong’s newest regulator, the Insurance Authority, was officially launched on Monday, replacing the Office of the Commissioner of Insurance (OCI) which was disbanded on the same day.

Published : 26, Jun 2017
Messi to swap prison sentence for €255k fine in tax fraud case

Messi to swap prison sentence for €255k fine in...

Football star Lionel Messi could see his 21-month prison sentence for tax fraud replaced with a €255,000 (£224,313, $285,381) fine, Spanish prosecutors have said.

Published : 26, Jun 2017
HMRC faces claims of ‘unlawful’ raid on Newcastle Utd

HMRC faces claims of ‘unlawful’ raid on Newcastle...

The seizure of documents from British football club Newcastle United by HMRC tax officials may have been unlawful, a judge has said.

Published : 23, Jun 2017
Pioneer CEO to leave as Amundi unveils new merged structure

Pioneer CEO to leave as Amundi unveils new merged...

Pioneer Investments' group chief executive Giordano Lombardo is to depart after the completion of its acquisition by Amundi Asset Management on 3 July, as part of a raft of structural changes impacting more than 30 countries.

Published : 23, Jun 2017
Regulation must be 'appropriate,’ says advisory body chairman

Regulation must be 'appropriate,’ says advisory...

The incoming chairman of a newly merged trade body for financial advisers in the UK has pledged to fight the industry’s corner in talks with the government and regulators.

Published : 23, Jun 2017
PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva

PEOPLE MOVES: BlackRock, Deutsche Bank, AvivaLock icon

BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.

Published : 23, Jun 2017
Up to £50bn pulled from DB schemes in pension transfers

Up to £50bn pulled from DB schemes in pension...

The amount of money being withdrawn through transfers from defined benefit (DB) pension schemes in the UK has reached a record £50bn since the pension freedoms came into force, according to new figures released by professional service group Mercer.

Published : 23, Jun 2017
UK IFA promoting Brazilian teak scheme enters liquidation

UK IFA promoting Brazilian teak scheme enters...Lock icon

Total Wealth Solutions, which has links to the collapsed Brazilian teak forestry scheme Para Sky Plantation, has entered voluntary liquidation, just months after the UK’s Financial Ombudsman Service (FOS) upheld a complaint against the financial advice firm.

Published : 23, Jun 2017
Singaporean firm to build platform for Malaysia’s life insurers

Singaporean firm to build platform for Malaysia’s...

A unit of Singapore-based tech firm Silverlake Axis has won a contract to develop a digital platform for life insurance and takaful providers in Malaysia.

Published : 23, Jun 2017

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