Australia
Investment | 6 May 15
Australia and New Zealand QROPS risk HMRC delisting
Overseas pensions in Australia and New Zealand could lose QROPS status after a letter sent by HM Revenue & Customs forced all schemes to ensure that policyholders can only access benefits before the age of 55 in the same circumstances as a UK pension.
Ripe for business: Intermediary profile with Global Financial Consultants
In 2007, financial advisory firm Global Financial Consultants decided to uproot from its home in Sydney and move the whole company to the city state of Singapore, a place that had become ripe for business opportunities.
Tax & Regulation | 23 Apr 15
Commonwealth Bank ordered to pay advice compensation
Australia’s corporate and financial service regulator ASIC has ordered the Commonwealth Bank to contact up to 2,740 customers and give them A$5,000 for an independent review of their financial position after they received poor advice.
Australian regulator steps up financial advice probe
Australia’s corporate, markets and financial services regulator said it is investigating multiple instances of financial services firms charging clients for advice where it was not provided.
FPI launches advice support initiative for expats
Isle of Man-based insurance giant, Friends Provident International (FPI), has launched a new financial planning proposition tailored to British and Australian expats to complement its non-Indian resident (NRIs) initiative.