United Kingdom
United Kingdom | 28 May 15
Financial industry concerned over FCA complaint reforms
A user group of representatives from the UK financial services industry has expressed concerns over the additional workload and costs likely to be created by the Financial Conduct Authority’s proposed reforms to the way complaints are handled.
FPI brand will live on after Aviva merger
Friends Provident International, a major player in the Asia and the Middle East markets, will emerge from its takeover by UK insurance giant Aviva largely unscathed, according to Chris Wei, Aviva’s Asia chairman.
Alternatives | 27 May 15
Aberdeen bolts on second alternatives business in two months
Aberdeen Asset Management has agreed to acquire private equity and real assets manager FLAG Capital Management as part of an ongoing bid to scale up its presence in the alternatives space.
Tax & Regulation | 27 May 15
HMRC deadline nears for UK non-doms, Pinsent Masons warns
People with non-domiciled tax status living in the UK who wish to preserve the anonymity of their offshore finances must notify HMRC by 30 May, warns international law firm Pinsent Masons.
Offshore Bonds | 26 May 15
Barclays appoints Channel Is head of offshore funds
Barclays has appointed Steve Rickards to lead the creation and implementation of the bank’s offshore funds strategy.