Middle East | 5 Sep 13
Will new UAE fund fees reduce competition?
Regulators in the United Arab Emirates recently announced plans to introduce fees for the distribution of investment funds within the country.
bank deposits and fund navs slip
The total value of bank deposits held in Jersey decreased by around 2.8% in the second quarter, while the total net asset value of funds under administration slid by just under 2%, as sterling weakened and global commodity prices rose.
Tax & Regulation | 5 Sep 13
hmrc introduces alternative route for tax dispute
Individual taxpayers and SMEs will now be able to request to settle a tax dispute with HM Revenue & Customs through an arbitrage process, rather than through tribunal.
new european commission rules clamp
New rules which will severely curtail the so-called “shadow banking” industry, including money market funds, in Europe have been proposed today by the European Commission.
People Moves | 4 Sep 13
invictus rebrands hires asia sales manager
Global fund distribution company, the Invictus Partnership, has rebranded as Satori Consultancy and hired an Asia based sales manager to help drive sales in the region.