United Kingdom
Pacific Investments launches asset management business
Sir John Beckwith’s Pacific Investments group has launched Pacific Asset Management (PAM), which will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.
Retirement | 29 Nov 16
HMRC’s planned overhaul will ‘decimate’ Rops market, says IFA
The UK’s plan to abolish the 70% ‘income for life’ rule on recognised overseas pension schemes (Rops) will “decimate” the market for such products, according to the head of expat-focused IFA firm, Montfort International.
Malta the ‘big winner’ of UK’s extensive Rops reforms
Malta will be the “main winner” of HM Revenue & Customs’ plan to change the ‘eligibility criteria’ for foreign pensions to qualify as recognised overseas pensions schemes (Rops), according to the director of European IFA firm Blevins Franks.
United Kingdom | 28 Nov 16
Ex-Providence director cleared of fondling waitress
Steve Dewsnip, one of the former directors of the collapsed Guernsey-based Providence Investments Funds, has been cleared sexually assaulting a waitress at Wembley Stadium.
Best Practice | 28 Nov 16
Barclays launches online investment service
British bank Barclays has launched an online investment service in an effort to help plug the savings and advice gap.