Industry
Post crisis, investors turning from hedge funds to ETFs
Assets invested in exchange traded funds eclipsed that in hedge funds for the first time in the second quarter ETFGI said.
Old Mutual Int’l launches trust campaign for offshore advisers
Old Mutual International has launched a campaign to promote “under-utilised” trusts among offshore advisers and will launch further support tools “shortly”.
Tax & Regulation | 20 Jul 15
Time for FCA to refocus on fraudsters, says RPC
The surprise departure of Martin Wheatley as head of the Financial Conduct Authority could be an opportunity for the UK regulator to refocus activity on small-scale fraudsters who target the unsophisticated retail investor, says City law firm RPC.
Tax & Regulation | 20 Jul 15
New UK offshore tax laws must prove criminal intent – CIOT
The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation (CIOT).
Ardan ties with RL360° for platform-ready offshore bonds
Isle of Man-based Ardan International has partnered with life company RL360° to allow advisers to manage investments held within RL360’s PIMS portfolio bond through its international platform for the first ever time.