Industry
DeVere CEO slams South African expat tax as discriminatory
South Africa’s decision to tax expats and overseas workers on their foreign income is totally unjust, highly discriminatory and achingly regressive, says deVere Group founder and chief executive Nigel Green.
PEOPLE MOVES: Lombard Odier, J O Hambro, PPF
Lombard Odier’s global chief investment officer has announced his retirement, while J O Hambro has hired two sales managers. Meanwhile, the boss of the Pension Protection Fund is to leave after nine years at the helm of the UK’s pensions lifeboat.
Tax & Regulation | 25 Jul 17
Jailed ex-Schroders trader ordered to pay £350k to FCA
A UK judge has ruled the Financial Conduct Authority can claw back £350,000 ($455,837, €391,249) from a former Schroders fund manager convicted of insider dealing.
Hong Kong’s Mason plans acquisitions for wealth unit launch
Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn (£2.3bn, €2.5bn) in assets from the ground up through a series of acquisitions.
S Africa to scrap tax exemption for expats, overseas workers
South Africans living and working in no and low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).