Industry
Rothschild exits Hong Kong amid Asian private bank closures
The exodus of private banks from the Asian region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
Singapore’s AAM on life after being acquired by Old Mutual
Old Mutual Wealth’s shock decision in February to buy AAM Advisory, the largest expat-focused IFA firm in Singapore, has in some ways felt like “having a tooth removed”, according to chief executive Matthew Dabbs.
Retirement | 8 Dec 16
Improve access to financial advice and annuities, says OECD
The OECD, a Paris-based economic body, has called on the UK government to ensure people have access to financial advice following the introduction of the pension freedoms.
Best Practice | 8 Dec 16
Tax avoidance vs evasion debate “immoral” and “inconsistent”
The gap between tax avoidance and evasion is disappearing and it is “immoral” to refer to it in the modern tax debate, said Richard Murphy, professor in practice in international political economy at City, University of London.
Investment fund takes 20% stake in Enhance Group
A strategic stake has been taken in Jersey-headquartered investment consultancy Enhance Group, by a closed-ended investment fund managed by Channel Islands-based Ravenscroft.