News
Aussie watchdog reports 300% jump in misconduct compensation
Client compensations for misconduct in the Australian financial services industry nearly tripled to A$618.8m (£381.2m, $490m, €416.2m) in the first half of the year, figures contained in the Australian Securities and Investments Commission (Asic) biannual enforcement report show.
Deutsche AM defends listed infrastructure investment
Following academic criticism that listed infrastructure investments don’t deliver infrastructure-like returns, Deutsche Asset Management’s head of liquid real assets for Asia & Europe has come to the asset class’s defence.
Retirement | news 21 Aug 17
Government revives pensions cold calling crackdown
IFAs have not unanimously welcomed the UK Government’s revived and extended plans for a ban on pension cold calling, announced Monday as part of a raft of measures to tackle pension scams.
Retirement | news 21 Aug 17
UK retirement income down 46% since the financial crash
People retiring now must cope with pension income that is 46% lower than they could have expected had they retired immediately before the global financial crisis, analysis from Fidelity International has found.
North America | news 21 Aug 17
Legal challenge against Fatca shut down by US appeals court
A group of US citizens living abroad “lack standing” to challenge the US Treasury Department’s taxes on their foreign bank accounts, the country’s Court of Appeals for the Sixth Circuit ruled on Friday.