News
Tax & Regulation | news 19 May 17
Critics slam UK’s plans to scrap fraud agency as ‘dreadful’
British prime minister Theresa May’s pledge to abolish the Serious Fraud Office (SFO) has been blasted as a “great danger” as critics voice concerns it will harm how white collar crime is tackled in the UK.
Advice failures cost Australian banks $150m in fines
Australia’s largest banks and leading wealth manager AMP have so far paid A$60m towards a A$200m (£114,48, €133,563, $148,720) fine for charging customers for financial advice they did not receive, according to the country’s financial services regulator.
Investment | news 19 May 17
WisdomTree offers short-duration SHAG to investors
WisdomTree has united with Bloomberg Barclays to launch SHAG, an exchange-traded fund (ETF) targeting short-duration US fixed income.
PEOPLE MOVES: Standard Life, Hargreaves Lansdown, Franklin T.
Standard Life Investments hires an ex-JP Morgan executive director, as Hargreaves chairman Mike Evans reveals he will be stepping down. Franklin Templeton poaches a key figure from Aberdeen Asset Management while DFM Beaufort has hired a new investment manager.
Guernsey regulator issues warning on new Sark company registry
Guernsey’s financial regulator has issued a warning about an organisation on the nearby tiny Channel Island of Sark, where it has a website promoting a company registry there for the first time.