News
Triggering of Article 50 a fresh blow for Qrops
The UK government’s move on Wednesday to kick start the official two-year process for leaving the European Union is likely to be a further blow to a Qrops industry still reeling from the shock 25% charge imposed earlier this month.
Standard Life cuts Asia insurance profile with Hong Kong sale
Standard Life has agreed to sell its wholly-owned Hong Kong life operation to its Chinese joint venture company Heng An Standard Life Insurance Company (HASL), underlining its move towards an investment-led business focus.
Best Practice | news 29 Mar 17
HSBC GAM latest passive provider to join ETF Forum
HSBC Global Asset Management is the latest exchange-traded fund (ETF) provider to join the ETF Forum, an industry body tasked with educating UK financial advisers about the passive investment products.
Middle East | news 28 Mar 17
Financial advice hit by UAE value-added tax, not life products
Details of the VAT system to be introduced for the first time in the UAE reveal that the standard rate of 5% will be levied on fee-based financial advice but not on the sale of life products.
Tax & Regulation | news 28 Mar 17
UK delays non-dom tax changes to offshore trusts until 2018
The UK government has delayed changes to the treatment of overseas trusts held by non-UK domiciles, amid concerns the reforms may force out Britain’s wealthiest foreigners.