Industry
Retirement | 11 May 16
UK expats to lose £50k from state pension following Brexit
UK expats living in Europe could see their state pension slashed by up to £50,000 ($72,125, €63,372) if Britain votes to leave the European Union next month.
Leniency offered to Norwegians confessing links to Panama
Norway’s economic crime authority has set up a dedicated phone number to give those with undeclared offshore assets linked to the Panama Papers the opportunity to come forward voluntarily and face lesser charges.
Middle East | 11 May 16
Abu Dhabi aiming to be the Middle East’s new fintech hotspot
Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has proposed creating a framework that will allow financial technology (fintech) firms to conduct their activities in a controlled and cost-effective environment.
Focus Financial enters Australia after signing up MW Lomax
The US-based partnership of independent wealth management firms, Focus Financial Partners, has expanded its international network to Australia by signing up the Melbourne-headquartered MW Lomax Group.
Tax & Regulation | 10 May 16
Is ending offshore anonymity the answer to tax evasion?
International efforts to end the secrecy of offshore tax havens – seen by governments as the solution to tackling tax evasion – may lead to some undesired side-effects, according to experts in the industry.