Industry
Retirement | 25 Aug 16
Rops harder to sell post-pension freedom, say providers
Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.
People Moves | 25 Aug 16
PEOPLE MOVES: Old Mutual, Eastspring, BNP Paribas
Changes abound in Singapore with Old Mutual Global Investors creating a new managing director role, Eastspring Investments naming a new chief executive, and HSBC Bank appointing a head of retail banking and wealth management.
Retirement | 25 Aug 16
UK rate cut to increase platform fees, says James Hay
IFG Group, the parent company of UK Sipp provider James Hay, has warned that the Bank of England’s (BoE) interest rate cut earlier this month could see platform charges rise.
Alternatives | 24 Aug 16
Schroders launches liquid alternatives Ucits fund
Schroders has launched an externally-managed Ucits fund, called the Schroder GAIA Two Sigma Diversified fund, which will combine US equity market-neutral and global macro strategies.
Ex-Julius Baer ‘whistleblower’ cleared of secrecy law breaches
A former Julius Baer banker accused of passing sensitive data to WikiLeaks has been given a 14-month suspended sentence after a Zurich court turned down prosecution demands that Rudolf Elmer be convicted of breaching Swiss bank secrecy laws despite being based in the Cayman Islands, according to media reports.