Industry
Tax & Regulation | 7 Mar 16
Senior Managers Regime comes into force in UK
The UK’s new senior managers regime, designed to hold bankers and insurance managers accountable for misconduct in areas under their responsibility, has come into force and will apply equally to officers of the Financial conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
North America | 7 Mar 16
US-Swiss FATCA exception clause very narrow
Despite the recent FATCA carve-out agreed between the US and Switzerland, US citizens looking to circumvent their tax reporting obligations will have to look further afield if they want to avoid declaring their offshore assets.
Old Mutual considering break-up options
Speculation is growing that Old Mutual, the global financial services group, may be about to announce plans to break up its operations into four new units.
Schroders launches first liquid distressed fund
Schroders has launched its first liquid distressed fund, providing access to a new hedge fund within the Alternative Investment Fund Managers Directive (AIFMD) framework.
Tax & Regulation | 7 Mar 16
Budget changes to UK pension system still possible
The UK chancellor George Osborne’s widely reported decision to abandon plans to shake up the pension taxation in this month’s budget still leaves room for tinkering with the pensions system, analysts said.