News
Retirement | news 23 Mar 17
More firms in the FCA firing line after Holborn sanctions
Several more firms are at risk of being sanctioned by the Financial Conduct Authority (FCA) as the regulator steps up action against international IFA firms specialising in overseas pension transfers, says Tim Searle, chairman of Dubai-based advisory firm Globaleye.
House of Lords warns of Brexit danger for crown dependencies
The crown dependencies’ financial services sectors could suffer if the UK government fails in its constitutional responsibility to represent the islands’ interests during the Brexit negotiations, the House of Lords’ European Union Committee has warned.
Retirement | news 23 Mar 17
Gibraltar names date for Qrops test regulations to go live
Gibraltar’s government has revealed that it will put in place personal pension regulations “on or before 31 March”, enabling the jurisdiction’s Qrops to retain their status.
Middle East | news 23 Mar 17
Global billionaire numbers fall
There were 2,397 billionaires across the world in 2016 with a combined net worth of $7.4trn (£5.9trn, €6.85trn), lower than reported in the previous Billionaire Census survey.
Multi Asset | news 23 Mar 17
Rathbones to launch actively managed portfolio service
Rathbones is set to launch a managed portfolio service offering six actively managed strategies, led by David Coombs.