South Africa considering tax changes to offshore pension funds
South African tax authorities may clamp down on the way overseas pension products are taxed, according to Martin Hall, director of Isle of Man-based Optimus.
ANALYSIS: Is Barclays’ new platform the start of Fintech 2.0?
Barclays’ announcement on Monday that it has launched an execution-only platform should come as no surprise. But, it should serve as a reminder to wealth managers not to get too complacent.
Malta the ‘big winner’ of UK’s extensive Rops reforms
Malta will be the “main winner” of HM Revenue & Customs’ plan to change the ‘eligibility criteria’ for foreign pensions to qualify as recognised overseas pensions schemes (Rops), according to the director of European IFA firm Blevins Franks.
United Kingdom | 28 Nov 16
Ex-Providence director cleared of fondling waitress
Steve Dewsnip, one of the former directors of the collapsed Guernsey-based Providence Investments Funds, has been cleared sexually assaulting a waitress at Wembley Stadium.
Bank of Singapore buys Barclays wealth unit for 30% less
Bank of Singapore (BoS), a subsidiary of one of Singapore’s largest banks, has completed the acquisition of the wealth and investment management business of Barclays in Singapore and Hong Kong.