New Zealand
deVere Group ventures into New Zealand
deVere Group is to open its first office in New Zealand in January 2017, a year after launching its second office in Australia.
ANZ eyes Australian wealth management exit
ANZ Bank is considering selling its life insurance, advice, and superannuation and investments businesses in Australia which would see one of the country’s largest financial institutions effectively withdraw from the wealth management sector.
IVCM targets int’l investors with relaunched New Zealand Rops
IVCM, formerly Brooklands Pensions, is reopening its New Zealand recognised overseas pension scheme (Rops) and will include funds managed by Emirates NBD Asset Management and Vanguard Investments Australia.
Potential pitfalls of the Lifetime Isa – Royal London
To be introduced in the UK in April 2017, the Lifetime Isa (Lisa) is intended to incentivise people to save for their first home, their retirement, or both. But research published by the independent Pensions Policy Institute (PPI), sponsored by Royal London, compares the tax-free savings scheme with its international counterparts and highlights some challenges that may arise.
Complexity of Asia hinders fund passport schemes
Varying tax and regulatory issues across the region could disrupt the Asia Region Funds Passport initiative, according to Mostapha Tahiri, chief executive and head of asset and fund services for Asia at BNP Paribas Securities Services.