Regions
Lessons from the UK’s RDR journey
With UK-style retail distribution review (RDR) regulation sweeping across international investment markets, and the trend towards better customer outcomes only set to intensify, advisers need to fully embrace this change and embrace it early, says Bill Vasilieff, chief executive of Novia Global.
DeVere Group Hong Kong Ltd fined HK$2.5m by regulator
DeVere Group Hong Kong Ltd, which is no longer owned by the deVere Group, has been fined by the Hong Kong insurance regulator after a lengthy investigation into various breaches of its regulations.
Tax & Regulation | 18 Apr 16
UK tax office details new “evasion facilitation” offence
The British government has published details of its proposed new law making senior management of a financial services firm criminally liable if any member of staff facilitates tax evasion, and has called on the industry to provide feedback.
Retirement | 18 Apr 16
Jargon busters taking on UK pensions
Terms such as ‘uncrystallised pension funds lump sum’ and ‘flexi-access drawdown’ could be phased out if a new guide to make pensions language simple, clear, and consistent is adopted.
Malaysian finance centre commits to int’l best practice
The Labuan International Business and Financial Centre (IBFC) has committed to playing a “facilitative role for cross-border trades and investments particularly in the Asean region”, as the fallout from the Panama Papers continues to ripple around the world.