Tax & Regulation | 21 Sep 16
UK to change definition of ‘advice’ in line with Mifid
The UK government has launched a consultation on changing the definition of financial advice, so that only a personal recommendation for a product is considered advice which will be regulated.
Hong Kong adviser aims to triple client base within a year
Chief executive Phil Neilson talks about starting Just Service HK from scratch, the future of fintech and ambitions to triple his client base from 500 to 1,500 over the next 12 months.
Singapore reports low sales of commission-free life policies
The number of people buying life insurance policies without commissions or financial advice in Singapore has been low since the product’s launch in April last year.
Isle of Man hits out at ‘political’ EU blacklist of tax havens
Isle of Man chief minister Allan Bell has questioned plans by the European Commission to create a blacklist of non-EU tax regimes, branding the move as more to do with the “internal politics of Brussels” than greater transparency.
Investment | 20 Sep 16
It is important that the Fed does not overreact – JPMAM
With central banks in the spotlight this week JP Morgan Asset Management has warned it is important that the Federal Reserve does not overreact.