Middle East | 30 Aug 17
Leading advisers predict new UAE rules will cull firms by 50%
New capital requirements for licensed UAE insurance brokers will amount to a “cull” that could see the number of regulated firms drop by more than half, the heads of two large advisory firms operating in the region have suggested.
Best Practice | 29 Aug 17
Advisers warned to face reality of tough new tax evasion law
International IFA firms, lawyers, accountants and wealth managers need to be “astute to the challenges and effects” of the UK Criminal Finances Act, which comes into effect on 30 September, a leading Channel Islands law firm has warned.
Cazenove name is no more in Asia wealth manager rebrand
Cazenove Capital’s Asian wealth and private banking business is to be renamed Schroders Wealth Management.
Bupa Global data theft puts half million clients at fraud risk
A rogue Bupa Global employee is suspected of stealing the personal details of more than half a million international healthcare customers and attempting to sell the information.
Tax & Regulation | 25 Aug 17
HMRC wins bulk of tax avoidance challenges but loses IHT case
HM Revenue & Customs claims that of the 26 litigation decisions in 2016/17 where tax avoidance was involved, 22 of them (86%) went in its favour.