Industry
Tax changes may boost Korea’s mutual fund industry
The Korean government intends to temporarily waive a 15.4% capital gains tax on overseas equities funds, according to a Cerulli report.
Investment | 11 Jan 16
Customers take action over lifetime allowance reduction
Calls from customers on changes to the lifetime tax allowance (LTA) increased fourfold in the second half of 2015, according to Fidelity International (FI), as consumers start to take action ahead of the April deadline.
Tax & Regulation | 11 Jan 16
FCA mulls limited commission on some retail products
The Financial Conduct Authority is considering reintroducing limited commission payments for certain retail products.
DeVere UK launches HNW division in business expansion
DeVere UK, a member of the deVere Group, has launched a new High Net Worth division as part of a planned expansion to deal with a forecast 50% rise in business levels for 2016.
Axa IM targets international market with new UK equity fund
Axa Investment Managers plans to launch a UK multi-cap fund accessible to international investors and managed by Chris St John, who has a successful track record of running small and mid-cap funds.