News
First million tax free, concedes South Africa
Plans to scrap a tax exemption on overseas earnings have been watered down by the South African Treasury and a tax-free allowance of ZAR1m (£57,143, $76,003, €63,904) introduced instead following pressure from expats and interest groups.
T Rowe Price to launch bond funds in Hong Kong
Global investment manager T. Rowe Price plans to sell four fixed income funds to retail investors in Hong Kong for the first time, according to records from the regulator.
Sales hit possible for IoM life cos when fee disclosure starts
Isle of Man life companies are already planning for a possible sales dip as major changes for IFAs are expected when worldwide commission disclosure is introduced in January 2019, a top industry player has warned.
Utmost offers redemption option on Irish offshore bonds
Utmost Wealth Solutions has announced the launch of a capital redemption option for its range of Dublin-based offshore bonds.
Best Practice | news 14 Sep 17
Drive out badly behaved, life companies urged
International life companies must help the industry improve by driving out people who are not behaving properly, a senior asset management figure told International Adviser’s Fund Links Forum on Thursday.