Emerging Markets | 16 May 18
Why Aviva’s target return fund misses the target
While the AIMS Target Return Fund has delivered its volatility pledge, barely budging in reaction to China growth fears in 2015 and 2016, or to Brexit and the election of Donald Trump as president of the US, it has missed its return target by a significant amount.
7IM becomes a pension provider
Seven Investment Management (7IM) has launched its own self-invested personal pension (Sipp), making the firm an official pension provider.
Investment industry in limbo as HMRC appeals Hargreaves tax win
The UK tax office’s decision to appeal a £15m tax ruling in favour of financial services firm Hargreaves Lansdown has left the investment industry in limbo over discounts provided to investors in funds.
Embattled Aussie insurer AMP facing five lawsuits
AMP will have the dubious honour of becoming the first Australian firm to simultaneously face five class actions if three more law firms made good on plans to sue the embattled insurance company.
UAE and Hong Kong among biggest UK money laundering threats
The UAE and Hong Kong have been included in a list of overseas jurisdictions which the UK’s National Crime Agency says have the most enduring money laundering impact on the UK.