Industry
DeVere CEO sells remaining STM stake to focus on fintech
The founder and chief executive of the deVere Group, Nigel Green, has sold his remaining 2% stake in the specialist Qrops provider STM Group.
France to push ahead with cuts to wealth tax
French president Emmanuel Macron has promised the government will press ahead with promised tax cuts overruling earlier suggestions by prime minister Edouard Phillippe that key campaign policies would be postponed until 2019 as France struggles to contain its public deficit.
Middle East | 10 Jul 17
Saudi expat fee causes ‘panic’ amid computer glitches
Expats living in Saudi Arabia have voiced concerns over the newly-introduced ‘family tax’ amid reports the online system set up to collect the payment continues to suffer from computer glitches.
Singapore watchdog restores ‘mystery shoppers’ for advisers
The Monetary Authority of Singapore (MAS) will be sending mystery shoppers to financial advisers as part of its efforts to boost enforcement, according to Merlyn Ee, the regulator’s executive director for capital markets intermediaries.
Retirement | 7 Jul 17
FCA orders yet another firm to cease pension transfers
UK advice firm Heather Dunne IFA (HDIFA) has been ordered by the Financial Conduct Authority (FCA) to stop proving advice on pension transfers making it the latest in a string of firms to be sanctioned under an industry-wide crackdown.