Profiles & Comment | 13 Feb 17
Ascor on leading the way ahead of South Africa’s RDR
Advisory firm Ascor has rewritten the rule book for financial advisers in South Africa, adopting a best-practice approach years ahead of the country’s imminent regulatory changes. Its co-founders believe the industry is taking great leaps forward, ensuring a more professional and client-focused future
Over 90 countries ‘screened’ for EU tax haven blacklist
The European Union has written to more than 90 countries warning them that they are being “screened” and may appear in a planned “blacklist” of tax havens.
Ex-boss of £6m S. African scam fund loses ban appeal
South Africa’s financial services regulator has dismissed an appeal to overturn the ban of the former boss of collapsed asset manager Interneuron, which swindled investors out of R100m (£5.9m, $7.4m, €6.9m).
ETF Securities targets Australia following Hong Kong exit
UK-based ETF Securities has said it will focus on expanding its presence in Australia following the asset manager’s exit from Hong Kong earlier this year.
Best Practice | 8 Feb 17
The next phase for part surrenders of offshore life bonds
The use of partial surrenders of offshore bonds can still make for a good tax-planning strategy, says Utmost’s Simon Martin, ahead of a restitution process set to be introduced by HM Revenue and Customs (HMRC) later this year.