Industry
Providence boss pleads guilty to $150m fraud
The chief executive of Providence Companies Group has admitted to orchestrating a $150m (£110m, €125m) scam that duped mostly elderly and vulnerable people across the world.
Will public registers work without international consensus?
The UK has imposed public company registers on its overseas territories to create transparency and prevent “financial skulduggery”, but an international tax expert says, if people want privacy, they will just move to jurisdictions that still offers it.
One-size-fits-all will not meet high net worth expat demands
Wealth managers will have to offer tailored products to high net worth expats if they want to succeed in the fiercely competitive sector, with non-resident Indians (NRI) and Chinese lucrative target markets, according to data and analytics company GlobalData.
Pension freedoms fraud a major concern for over-55s
One in three people over the age of 55 say the risk of being defrauded is a major concern following the introduction of the pension freedoms in April 2015, according to research from Prudential.
How advisers can generate new income streams
When it comes to running a sustainable financial advice business, the top concern for advisers is the growing burden of administration and not having enough time to generate new income streams, according to research by Masthead.