News
10 Chinese banks oppose new asset management rules
New rules from China’s Central Bank that look to tighten regulations in the asset management industry have reportedly been opposed by 10 national joint-stock banks.
International financial adviser hits £1bn milestone
International professional services firm Mazars is to add £300m in assets following the acquisition of RCL Consultancy from The Embark Group.
Investment | news 7 Dec 17
Market too complacent over Corbyn-led government: Buxton
Old Mutual Global Investors (OMGI) chief executive Richard Buxton is concerned that markets are failing to adequately price-in the likelihood of a Jeremy Corbyn-led Labour government next year.
UAE questions US omission from tax haven blacklist
Dubai wealth managers have questioned why countries like the US and Switzerland have been left off the EU tax haven blacklist but the UAE has been included.
Best Practice | news 7 Dec 17
Offshore advisers fear new regulatory burden from HMRC
Offshore advisers have given a cautious thumbs-up to additional requirements to tell HM Revenue & Customs when they set up complex offshore schemes but have expressed concern that legitimate schemes could be targeted as well as abusive ones.