Indemnity commission to be banned in Hong Kong
The payment of indemnity commission, or clawback, by product providers selling Investment Linked Assurance Schemes in Hong Kong is to be banned from the beginning of next year.
Pictet expands absolute return range
Pictet Asset Management has launched a new absolute return fund that expands its Total Return fund range.
United Kingdom | 31 Jul 14
Saltus teams up with Alpha Diversify in push
UK headquartered discretionary fund manager Saltus has begun offering its services to advisers operating outside of the UK.
Tax & Regulation | 31 Jul 14
IHT receipts leap as experts warn
Inheritance tax paid to the UK Government jumped by nearly 10% in the last year, as the amount levied from estates reached £3.4bn.
Tax & Regulation | 31 Jul 14
Fears aggressive HMRC may target offshore bonds
The UK Governments continued aggressive stance towards tax avoidance and the blurring of its distinction between avoidance and evasion has raised concerns that more mainstream legitimate tax mitigation tools could come under increased scrutiny.