Tax & Regulation
Complaints against SFC-licensed advisers double in a year
The number of complaints made against the conduct of intermediaries who are licensed by Hong Kong’s Securities and Futures Commission (SFC) has more than doubled in a year, the latest figures reveal.
North America | 18 Jun 15
Canadian adviser fee review points to RDR-style change
A review of the impact of mutual fund compensation schemes on financial advice and outcomes conducted on behalf of Canadian regulators has found there was enough evidence to justify the development of new payment policies.
Tax & Regulation | 18 Jun 15
Guernsey and Hong Kong named on tax haven blacklist
Guernsey, Hong Kong, and the British Virgin Islands have been named among the 30 most un-cooperative tax jurisdictions in a blacklist published by the European Commission.
Tax & Regulation | 17 Jun 15
UK gov’t steps up reform pressure on pension industry
The British Government has announced plans to strengthen the ability of savers to access their pension pots and tackle any unjustifiable exit fees thrown up by pension providers.
Tax & Regulation | 17 Jun 15
Macquarie agrees compensation for wrap platform users
Macquarie Investment Management, the asset management arm of Australia’s Macquarie Bank, is to refund over A$5.5m (£2.68m, $4.2m) to around 2,300 clients for errors on its wrap platform.