Industry
People Moves | 6 Oct 16
PEOPLE MOVES: SLI, UK, Kames, Sun Life, Edge Investments
SLI has hired a new emerging market portfolio manager as UK government hires former Aviva UK chief executive as its older workers tsar. Sun Life in Hong Kong appoints new head for its high net-worth clients (HNW) division as specialist investment house Edge recruits two new industry heavyweights.
STM launches Australian expat super fund
The STM Group has launched a Gibraltar-based Australian superannuation scheme targeted at the expat market as part of a broader move into Australia’s retirement market.
Tax & Regulation | 6 Oct 16
Providence Global-owned Lumiere Wealth to be wound up
Jersey-based IFA firm Lumiere Wealth, which is majority owned by Providence Global, is to be wound up after a hearing held by the channel island’s Royal Court.
South African IFA Carrick Wealth moves into Botswana
South African advisory firm Carrick Wealth has opened a new office in Botswana as part of a wider expansion across the continent, the firm has revealed.
Tax & Regulation | 5 Oct 16
UK asset managers will have to reveal costs to pension schemes
The UK’s Financial Conduct Authority (FCA) has unveiled new rules that will force asset managers to disclose the transactions costs they charge pension schemes when investing in their funds.