Best Practice | 17 Aug 16
Advisers face hefty fines in HMRC tax avoidance crackdown
Tax advisers and accountants in the UK who help clients avoid paying tax could face fines of 100% of the tax avoided, according to new proposals being considered by HM Revenue and Customs (HMRC).
ING in final talks to sell South Korean life insurance unit
Talks to sell ING’s South Korean life insurance arm have been extended prompting fears the sale could be in jeopardy, local media reports suggest.
Fixed Income | 16 Aug 16
ANALYSIS: Muddled inflation outlook fuels monster worries
Despite a mixed picture for inflation globally, investors remain content to err on the side of the central banks, but something has to give soon.
China one year on: Renminbi to keep falling
One year on from China’s surprise currency devaluation, there is still room for a further gradual depreciation of the renminbi against the US dollar, said Jade Fu, investment manager at Heartwood Investment Management.
Investment | 15 Aug 16
Nearly 70% of UK IFAs using DFMs, says report
Increasing regulatory costs are driving a greater number of financial advisers in the UK to outsource their investment management, according to latest findings by global analytics firm Cerulli.