Regions
Spain targets HNWs over tax evasion as data-sharing goes live
Spain has announced new measures to crack down on tax fraud by wealthy individuals, as the country becomes one of the early adopters of the ‘automatic exchange of information’ regime.
China gives the green light to first online-only life insurer
Hetai Life Insurance has received approval from China’s insurance regulator to start operating as the country’s first-ever online life insurer.
North America | 7 Feb 17
Billionaires caught up in ‘Hamilton’ Ponzi scheme
A billionaire asset management company founder, a billionaire investor, and an executive at an alternative asset management firm all invested in a Ponzi scheme promising high returns by buying and selling tickets to high-demand shows, including Broadway smash musical Hamilton.
Tax & Regulation | 7 Feb 17
FCA issues warning over poor DB pension transfer advice
The UK’s Financial Conduct Authority has issued a warning notice to an unnamed individual for poor advice given to more than 700 members of defined benefit (DB) schemes that left them at “serious risk of unsuitable outcomes”.
Newcomer Japanese funds to watch
Investors in the Japanese stock market benefited from currency fluctuations in 2016 and the outlook for 2017 appears favourable, too.