Regions
North America | 17 May 17
Canada vetoes best interest duty for financial ‘advisors’
Canada has abandoned plans to introduce regulation that would require people giving financial and investment advice to act in their client’s ‘best interest’.
Investment | 17 May 17
Millionaire investors short-termism due to ‘information overload’
More than two-thirds of high net worth investors say they suffer from ‘information overload’ and admit being easily distracted by short-term developments in politics and the economy.
Indonesia grants taxman new powers in emergency action
The president of Indonesia has signed emergency regulation giving the tax authority access to account information held by financial institutions months after $333bn in assets was disclosed under the country’s hugely successful amnesty programme.
Tax & Regulation | 17 May 17
Adviser in court for investing £1.2m in Polish property fund
A former financial adviser in the UK has denied forging clients’ signatures so he could invest £1.26m (€1.47m, $1.62m) of their money into a high-risk Polish property fund for his own benefit.
United Kingdom | 17 May 17
Hawksmoor director dies in walking accident
John Wynne, head of finance at Hawksmoor Investment Management, died on Sunday in a walking accident in Snowdonia.