United Kingdom
US slams EU tax haven blacklist
The US Treasury Department “disagrees” with the recently released EU tax haven blacklist, arguing that it “undermines” international standards put in place to identify non-cooperative tax jurisdictions, according to a letter sent to the EU security general.
RBC Wealth plots 2018 Jersey growth
RBC Wealth Management International’s fiduciary services division is planning to expand in 2018 through the deliberate and targeted recruitment of directors with specific books.
Arch Cru failures prompt UK lifeboat scheme revamp
Financial compensation calculations have been overhauled following failures that saw beleaguered investors in two Arch Cru funds underpaid by about £800,000 by the UK’s Financial Services Compensation Scheme (FSCS).
Best Practice | 8 Jan 18
Why managers need to wake up to ESG threat
While the pace of change may differ between clients, for the future of ESG investments the only way is up. So, how at risk are the funds or wealth managers that do not manage to move to a full ESG-process across a client’s entire portfolio?
Mobius to retire from Franklin Templeton
Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January.