News
Issuing tax laws by press release perilous for South Africa
Introducing tax legislation by press release and putting changes into place with immediate effect puts South African taxpayers in an “impossible position”, a tax expert has warned.
China tightens grip on fund industry
Private fund managers in China who raise money from retail investors could face sanctions under provisional regulations released by the country’s state council, according to a circular from the government.
Investment | news 31 Aug 17
Rising advisory costs eat away at fund managers’ margins
Asset managers are seeing their margins being eroded because remuneration paid to fund managers and analysts is rising while overall management fees are coming down, research has found.
Best Practice | news 30 Aug 17
HMRC’s rules for IHT on downsizing property are ‘impenetrable’
New HMRC guidelines on how people can downsize their home but retain the value of their previous residence for inheritance tax reduction purposes have been branded ‘impenetrable’ by accountancy body the ICAEW.
People Moves | news 30 Aug 17
PEOPLE MOVES: T. Rowe Price, LGIM, Savills IM
US investment giant T. Rowe Price has beefed up its sustainable investing division, while Savills Investment Management get a new Asian research head and LGIM expands its active equity team.