Industry
Best Practice | 12 Apr 17
Shortlist revealed for int’l product and service awards 2017
We are delighted to announce the shortlisted companies in International Adviser’s Product and Service Awards 2017.
Old Mutual, Nedbank, Sanlam hit by South Africa’s junk status
South Africa’s credit rating downgrade to junk status has had an inevitable knock-on effect on the country’s life insurers and banks, including Nedbank, Old Mutual and Sanlam.
Goldman Sachs AM first to register foreign retail funds in UAE
Goldman Sachs Asset Management (GSAM) has become the first firm to register foreign investment funds for retail investors in the UAE under the new mutual fund regulation introduced by the Emirates’ Securities and Commodities Authority (SCA).
Tax & Regulation | 12 Apr 17
UK advisers face extra FSCS levy despite fall in Sipps claims
The UK’s Financial Services Compensation Scheme (FSCS) may still impose an interim levy on life and pension advisers despite a fall in the average cost of Sipp-related claims.
Coutts & Co fined HK$7m by Hong Kong Monetary Authority
The Hong Kong branch of Coutts & Co has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.