Industry
Schroders’ net inflows drop sharply, as weak pound lifts AUM
Sterling weakness lifted Schroders’ assets under management by close to 30% during the first nine months of the year in the face of a 67% drop in net inflows.
ANZ eyes Australian wealth management exit
ANZ Bank is considering selling its life insurance, advice, and superannuation and investments businesses in Australia which would see one of the country’s largest financial institutions effectively withdraw from the wealth management sector.
Macro Views | 3 Nov 16
Fatca is here to stay regardless of who wins the US elections
As the US election looms, one tax adviser says regulation requiring every US expat to provide details of their worldwide income is here to stay, regardless of who becomes the next president.
Retirement | 3 Nov 16
Pensions regulator pursues Philip Green over BHS
The UK’s Pensions Regulator (TPR) has launched enforcement actions against Philip Green, the former owner of the collapsed British department store BHS, and other previous owners, aimed at seeking redress for 20,000 pension scheme members.
Middle East | 3 Nov 16
UAE rules out imposing income tax despite budget deficit
The United Arab Emirates has ruled out the imposition of any income tax on individuals as its seeks alternative sources of revenue to counter the impact of falling oil prices on the government’s budget.