United Kingdom
UK and Hong Kong regulators sign fintech agreement
The Financial Conduct Authority has entered into a co-operation agreement with Hong Kong’s Securities and Futures Commission (SFC) to support innovation in fintech.
Brooks Macdonald inks key DFM deal with Hansard International
Brooks Macdonald’s international division has linked up with Hansard International to offer advisers the opportunity to access the Jersey-based wealth and asset manager’s full discretionary fund management offering.
Standard Life posts £5m loss in Hong Kong amid global job cuts
Standard Life lost £5m (€5.9m, $6.4m) last year from its wholly-owned business in Hong Kong as it confirmed that more than 800 jobs will be lost after it merges with Aberdeen Asset Management.
Tax & Regulation | 9 May 17
UK’s RDR has failed to bring advice to the masses
The Retail Distribution Review (RDR) regulations, which banned commission and introduced a fee-based model for advisers, has failed to improve the accessibility of financial advice, according to industry stalwart Peter Mann.
Tax & Regulation | 9 May 17
UK Sipp giant faces £1.8m tax bill over Guernsey biofuel scheme
UK Sipp provider James Hay has been hit with a £1.8m (€2.12m, $2.3m) tax bill from HM Revenue and Customs (HMRC) over the Guernsey-listed biofuel investment scheme Elysian Fuels.