News
Tax & Technical | news 1 Aug 18
HMRC challenged over data handling
An Italian with a UK bank account has stepped forward to take on the legality of the common reporting standard (CRS) using data protection laws.
Asia fund flows boost SJP results
St James’s Place Asia boosted gross new funds by 51% in the first six months of 2018, helping to push group gross inflows to £7.9bn ($10.4bn, €8.9bn), an increase of 15% compared with the first half of 2017.
SJP drops Aberdeen Standard as ethical manager
A sustained period of underperformance has prompted St James’s Place (SJP) to drop Aberdeen Standard Investments (ASI) and appoint Impax Asset Management to run its £286m (€320m, $375m) ethical fund.
AFH Group boss calls platforms ‘dead weight’ as he scraps fees
UK investment management company AFH Group has blasted platforms as too expensive and announced the company will be absorbing fees for new clients and scrapping them for existing clients.
Australia looks to rate 1,800 adviser licensees
In a bid to restore faith in the country’s financial services industry, the Australian government is considering a proposal that will rate 1,800 financial advice licensees.