United Kingdom | 16 Jun 14
Credit Suisse and Yorkshire Building Society fined
Credit Suisse International (CSI) and Yorkshire Building Society have been fined £3.8m by the Financial Conduct Authority for misleading investors on a widely sold structured product.
Skandia praises HMRC for preventing IHT
Skandia has said that while HM Revenue & Customs prevented a mass headache by leaving existing trusts out of its proposed reforms to the calculation of inheritance tax, it will create thousands of new demands for financial advice.
canada life intl unveils plans for isle of man hq
Canada Life International has unveiled plans for its new purpose-built corporate headquarters at Ballacottier Business Park on the outskirts of the Isle of Man’s capital Douglas.
Axa IM registers funds in Singapore for first time
Axa Investment Management has broadened the number of its funds which are available in Asia, registering a range in Singapore for the first time and making a further seven available to investors in Hong Kong.
Singapore to start overnight RMB liquidity
Singapore is to introduce an overnight renminbi liquidity facility to meet the short-term financing needs of financial institutions trading in the Chinese currency.