Industry
Middle East | 17 Aug 17
Abu Dhabi creates foundations framework for wealth management
Abu Dhabi Global Market (ADGM), the financial free zone in the capital of the UAE, has launched of a new legal structure to support the growth of its wealth management industry.
Repealing South African expat tax not ‘crazy’ says tax chief
A plan to scrap an exemption on taxing foreign employment income is not a “crazy proposal” when compared with other jurisdictions, the head of tax and financial sector policy at South Africa’s National Treasury has said.
Investment | 16 Aug 17
Momentum Wealth Int’l adds ETFs to platform range
Guernsey-based platform Momentum Wealth International has introduced a range of ETFs for the first time, in the expectation that financial advisers will make increasing use of this type of investment vehicle in client portfolios.
Tax & Regulation | 16 Aug 17
Sipps among most complained about UK financial products
The UK’s Financial Ombudsman Service (FOS) received 59% more complaints about self-invested personal pensions (Sipps) in the first quarter of the 2017/2018 financial year compared to the same period a year before.
Prudential restructure sees US broker network sell-off
UK insurer Prudential has sold its US independent broker-dealer network to focus on local retirement products just days after announcing plans to merge its UK insurance and asset management businesses.