Industry
Panama Papers ‘only the tip of an iceberg’
The European Parliament has admitted that the Panama Papers leak “can be construed as only the tip of an iceberg” in a draft report that slams attempts to halt tax avoidance and evasion.
UBS announces major European and EM wealth business shake-up
UBS Group is overhauling its wealth management businesses in Europe and emerging markets (EEM) by reducing its booking hubs to three from around 10 and has announced a senior management restructure.
Best Practice | 4 Jul 17
Ombudsman upholds Sipp complaint against Curtis Banks
Self-invested pension provider Curtis Banks has been criticised by the UK Pensions Ombudsman for negligence and maladministration.
Collapsed Premier Group loses out on £39m debt payment
There is no prospect that Isle of Man-based Premier Group will receive any of the £39m ($50.6m, €44.4m) the company is owed by a waste management company it funded through its New Earth Group collective investment schemes.
PEOPLE MOVES: Vanguard, Emirates NBD, VAM Funds
Vanguard has created a new head of European distribution (ex-UK) role, while Middle East bank Emirates NBD has lost its chief investment officer for the second time. VAM Funds has hired an ex-Zurich heavy hitter to make a Middle East push.