Industry
Retirement | 24 Jun 15
HMRC waives penalty charges on KiwiSaver pension transfers
HM Revenue & Customs will waive penalty charges on UK pension fund transfers made between 6 April and 17 June into KiwiSaver schemes which have now lost QROPS status.
Luxembourg UCITS emerging as global brand – ALFI’s Voss
A Luxembourg UCITS fund is becoming a recognised global brand, said Denise Voss, the new president of the country’s fund industry association.
Pictet adds to multi-asset wave with fund for ex-Barings trio
Pictet Asset Management has added to the growing trend of multi-asset products with the launch of the FP Pictet Multi Asset Portfolio.
North America | 24 Jun 15
Julius Baer to pay $350m for US tax evasion
Swiss bank Julius Baer has set aside $350m to settle tax evasion allegations with US tax authorities, significantly reducing the time accountholders have to voluntarily disclose their details at a reduced penalty.
Retirement | 24 Jun 15
Low-cost pension planning services launched to fill ‘advice gap’
Free and low-cost pension support services have taken off as more UK consumers look for alternatives to traditional financial advice and the governmental initiative, Pension Wise.