Tax & Regulation
Best Practice | 15 Sep 16
The world will ban commission within five years, says JPMAM
Regulation is moving at such a fast pace that within five years all financial services markets around the world will ban commission and implement an RDR-like regime, Jasper Berens, head of UK funds at JPM Asset Management has predicted.
Ailo calls Priips veto a ‘bloody nose’ for the EU
The European Commission has finally been given a “bloody nose”, says the head of the trade body for international life offices, Alan Morgan-Moodie, referring to the European parliament’s decision on Wednesday to overwhelmingly reject the standard for implementing the upcoming controversial Priips regulation.
Tax & Regulation | 14 Sep 16
FCA plans to ban Barclays Wealth man over destroyed report
The Financial Conduct Authority (FCA) has said it intends to ban former chief operating officer of Barclays Wealth and Investment Management Andrew Tinney.
Middle East | 13 Sep 16
Israeli court rejects Fatca lawsuit
Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.
Best Practice | 13 Sep 16
UK may force insurers to pay for pensions dashboard
A UK Treasury official has said the government is looking at introducing a law that would force pension providers to pay towards creating the pensions dashboard.