Regions
UK Teacher’s Pension highlights QROPS public sector loophole
The UK Teachers’ Pension scheme has advised its members there is a loophole in the current rules surrounding the transfer of public sector pensions that would allow access to certain qualifying recognised overseas pension schemes (QROPS).
China devalues renminbi for second day
China’s Central Bank has devalued its currency for the second consecutive day, following Tuesday’s biggest depreciation in two decades.
Sanlam expands UK wealth planning operation
The UK wealth planning arm of South African insurance giant Sanlam Group has expanded its assets in Britain to over £1bn with the acquisition of an advice firm in southern England.
EU body called on to speed progress on AIFMD passport
The limited progress in opening access across the European Union to fund managers outside the region seeking to offer alternative investment funds (AIFs) could be seen as a reluctance to act, according to one specialist lawyer.
Renminbi devaluation stokes fears of future moves
The one-off depreciation of the yuan needs to be just that in order to avoid sparking a currency war and derailing the global recovery, according to industry experts.