People Moves | 23 Apr 15
Guernsey Finance targets more markets with new role
Guernsey Finance has named Kate Clouston as its first director of international business development
Benchmark freedom and EM investing
If the manager is freed from the benchmark, emerging markets offer many opportunities from a stock-picker’s perspective, particularly if headlines are negative, according to Ross Teverson, head of strategy for global emerging markets at Jupiter Asset Management.
United Kingdom | 23 Apr 15
Deutsche Bank pays 25bn LIBOR fine to regulators
Deutsche Bank has reached a settlement with US and UK regulators to pay more than $2.5bn in fines for LIBOR and EURIBOR failings and misleading authorities.
Confused advisers at risk as DFM ‘outsourcing’ grows
Despite the growing trend toward the use of discretionary managers to handle some or all of the investment portion of advice, a large number of advisers remain unclear about where the responsibility for investment suitability lies.
Tax & Regulation | 23 Apr 15
Commonwealth Bank ordered to pay advice compensation
Australia’s corporate and financial service regulator ASIC has ordered the Commonwealth Bank to contact up to 2,740 customers and give them A$5,000 for an independent review of their financial position after they received poor advice.