News
UK government considers flat-rate pension tax
HM Treasury is investigating whether to introduce a flat rate of pension tax relief, in a bid to raise an extra £4bn (€4.5bn, $5.3bn) a year for the National Health Service (NHS).
Old Mutual Global Investors unveils new name
In the next step in OMGI’s journey to becoming a standalone single-strategy business, the company announced on Friday that it is to be rebranded Merian Global Investors.
North America | news 6 Jul 18
Delaware gives ‘critical’ backing to ailing US beneficial owners list
The United States’ most nebulous jurisdiction has backed a bid in Congress to create a beneficial ownership register.
Credit Suisse Hong Kong to pay $77m for corrupt hiring scheme
Credit Suisse’s investment bank in Hong Kong will pay a total of $77m (£58.2m, €65.9m) to settle criminal and civil proceedings taken by the US Department of Justice and the Securities and Exchange Commission (SEC) for its role in a corrupt hiring scheme.
PEOPLE MOVES: Brewin Dolphin, Schroders, PIAS
Brewin reshuffles Edinburgh team, Schroders appoints from Blackrock and Singapore financial adviser PIAS hires chief executive from Prudential.