Singapore
Best Practice | 11 Jul 16
Singapore consults on int’l exchange of tax information
Singapore’s Ministry of Finance (MOF) has opened a public consultation on the automatic exchange of information (AEOI) in tax matters, known as the Common Reporting Standard.
Lombard International granted Hong Kong brokerage licence
Luxembourg and Philadelphia-headquartered Lombard International has received approval for a brokerage licence for its Hong Kong subsidiary, Lombard International Brokers.
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.
Best Practice | 14 Jun 16
PEOPLE MOVES: Schroders, Deutsche Bank, Old Mutual Wealth
Schroders has announced a host of senior moves in Asia Pacific, with Deutsche Bank reporting a high-level departure in the region. Old Mutual Wealth has named the head of its Financial Adviser School, while the firm’s Global Investors division is losing its absolute return manager following a difference of opinion.
Singapore’s financial regulator steps up enforcement
The Monetary Authority of Singapore (MAS) has announced plans to set up a new department to centralise and strengthen its enforcement capabilities.