Intermediary profile: Power to the voice of South African IFAs
Ahead of RDR implementation in South Africa, IFAs would do well to consider whether to stay independent and seek other sources of revenue, or pool together to minimise governance expenses, explains Derek Smorenburg, the man behind the South African Independent Financial Advisors Association (SAIFAA).
Cayman court’s first valuation verdict on minority side
East Capital, a Swedish fund company specialising in emerging and frontier markets, said it won a landmark case in the Cayman Islands defending the rights of minority shareholders.
Tax & Regulation | 5 Oct 15
HMRC defeats tax avoidance scheme over DTA misuse
A tax avoidance scheme which exploited the UK’s double-taxation agreement with the Isle of Man has been defeated by HM Revenue & Customs.
OMGI revamps Generation range, removes income targets
Old Mutual Global Investors has removed the income targets from its Generation range of multi-asset funds, formerly run by John Ventre.
United Kingdom | 2 Oct 15
Old Mutual and Intrinsic launch UK advice arm
UK-based Old Mutual Wealth and its adviser network Intrinsic have unveiled an advice business which aims to tap into underserved segments of the British market.