Tax & Regulation | 23 Jul 15
FCA questioned over advice gap and ‘courting headlines’
The independent panels of the FCA have questioned the regulator over its handling of the UK advice gap created following the banning of commission payments to advisers in 2012 as a result of the Retail Distribution Review.
Manulife Singapore drives growth plans with two senior appointments
Manulife Singapore has appointed a chief product officer and chief marketing officer as it looks to “align leadership responsibilities with key areas of focus” in order to support its growth plans.
FPI: Hong Kong expats overlook critical illness cover
Expatriates in Hong Kong are often making inaccurate assessments about their insurance policies, with many overlooking the importance of having critical illness cover to protect themselves and their families, an FPI report has revealed.
Offshore Bonds | 22 Jul 15
HMRC spares ‘non-aggressive’ trusts from IHT avoidance scheme crackdown
HM Revenue & Customs has proposed strengthening the ‘hallmarks’ it uses to identify inheritance tax planning arrangements but has excluded certain types of trusts used alongside life assurance policies.
VAM forms exclusive partnership with Close Brothers
Luxembourg-based VAM Funds has signed a deal with Close Brothers Asset Management (CBAM) to give its non-UK-based advisers the chance to tap into the latter’s discretionary fund management services.