Tax & Regulation | 3 Nov 15
Firm warns against HMRC bankrupting taxpayers over APN disputes
HMRC should not pursue insolvency proceedings to demand that tax allegedly owed from years ago be paid in full until the underlying dispute has been resolved, warned law firm RPC.
Hong Kong brokerage fined $4m over investment sales failures
The Asia arm of Okasan International has been fined $4m after failing to ensure investment products were suitable for clients.
ANALYSIS: Will ETFs and trusts breathe new life into platforms?
While some have been keen to pronounce platforms to be ‘dead’ providers do not seem willing to throw in the towel and have launched a counter-attack.
People Moves | 2 Nov 15
Old Mutual confirms Bruce Hemphill as group chief
Global financial services firm Old Mutual Group has confirmed the appointment of Standard Bank Group’s Bruce Hemphill as its new chief executive.
Singapore reviews onus of IFA conduct over insurance sales
Singapore’s financial regulator is examining whether advisers or life companies are responsible for the training, competency and conduct of intermediaries selling insurance.