Tax & Regulation
Middle East | 26 Sep 16
Asset managers, life co’s seek clarity on new UAE fund laws
Life companies are calling for more clarity on how new laws covering mutual funds offered for sale within their products in the UAE will work in practice, while asset managers have begun the process of deciding which products to offer.
Tax & Regulation | 22 Sep 16
Bahamas files leak exposes former EU official’s links to offshore firms
A new cache of 1.3 million documents from the Bahamas has exposed the use of offshore shell companies by the former EU competition commissioner Neelie Kroes and UK politician Amber Rudd.
Tax & Regulation | 22 Sep 16
HFM Columbus warns UK non-doms of ‘pitfalls’ with IPP drawdowns
UK-based wealth manager HFM Columbus has warned non-domiciled UK residents of the pitfalls of making large withdrawals from their international pension plans (IPP) ahead of changes to rules governing remittances.
France, Germany and Italy against EU-wide ban on commission
France, Germany and Italy are against introducing a complete ban on commission in their financial services industries despite pressure from the EU, according to Michael Lodhi, chairman of dual headquartered Paris and Barcelona-based Spectrum IFA Group.
North America | 21 Sep 16
US introducing RDR ‘through the backdoor’
Recent moves in the US suggest that the country is bringing in its own version of the retail distribution review “through the backdoor”, according to Capgemini Consulting’s Rod Bryson.