Ireland
Ireland told a French-style wealth tax will raise just €22m
Ireland’s controversial plans to impose a wealth tax on its super-rich, similar to other European countries such as France and Spain, may yield just €22m (£18.6m, $23.2m), according to a study by the Economic and Social Research Institute (ESRI).
Axa Insurance Ireland fined for adviser competency breaches
The Central Bank of Ireland has fined Axa Insurance €675,000 (£567,263, $747,860) for failing to ensure that staff members advising on retail products were appropriately supervised.
Kepler Partners launches Dublin-based Ucits platform
Kepler Partners has raised $81m for its Kepler Liquid Strategies Ucits platform, giving investors access to its first fund managed by the Roger Ibbotson-led Zebra Capital Management.
Loss of free trade is main threat post Brexit says Irish Funds
The post Brexit arrangements may threaten the free trade approach between countries that has enabled Ireland’s financial industry to prosper, according to the Irish Funds Industry Association.
Barings AM launches absolute return fund
Baring Asset Management has launched the Baring Dynamic Absolute Return Fund, an Irish authorised open ended investment company (Oeic) with Ucits status.