Industry
Old Mutual launches excess income trust and calculator
Old Mutual Wealth and Old Mutual International have both launched an excess income trust solution and online tool to help advisers offer a simple and tax efficient way to pass on wealth.
SEI Wealth Platform adds £10bn assets in 2017
SEI Wealth Platform increased assets under administration by £9.3bn to £41.4bn ($57.6bn, €46.7bn) in 2017, its parent company has reported.
Credit Suisse fined in Hong Kong
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
Fixed Income | 8 Feb 18
Invesco expands Luxembourg-domiciled Ucits range
Invesco has expanded its Luxembourg-domiciled Ucits range with the launch of the Sustainable Allocation and Global High Yield Short Term Bond funds.
Ailing Samsung chairman accused of $7.5m tax evasion
The chairman of South Korean tech giant Samsung has been named by local police as a suspect in an KRW8.2bn (£5.4bn, $7.5bn, €6.1bn) tax evasion case despite having been in hospital since suffering a heart attack in 2014.