News
DeVere CEO demands FATCA repeal as Americans hand back passports
Donald Trump’s administration must scrap the Foreign Account Tax Compliance Act (Fatca), deVere Group chief executive Nigel Green has said, as record numbers of Americans renounce their US citizenship.
Hong Kong advisers says no to fee-based model
A majority of the industry responding to the SFC’s proposal on “enhancing industry regulation” were against introducing the fee-based model in Hong Kong.
PEOPLE MOVES: OMGI, Manulife, First Names
The London Insurance Fraud Enforcement Department has appointed a head of department, while a Newton Investment alum joins Old Mutual Global Investors as head of responsible investment, and a restructure at Jersey firm has reportedly lead to several job losses.
Best Practice | news 17 Nov 17
UK offshore tax evaders face 200% penalties
Offshore tax evaders face “much higher” penalties for non-compliance under new Right To Correct (RTC) rules revealed by HM Revenue & Customs.
The plus and minus of China’s new foreign ownership rules
China recently announced it would ease foreign ownership limits for fund management firms, but huge challenges await foreign players that want to enter China’s retail investor market, industry sources said.