News
South Africa delays financial regulator overhaul
Changes that would have seen South Africa’s Financial Services Board (FSB) rebranded, handed a new mandate, and the introduction of a ‘Twin Peaks’ regulatory system have been postponed.
MEPs threaten privacy rights with beneficial ownership vote
In a bid to crackdown on tax evasion, European citizens could have their private financial affairs exposed to the public after members of the European parliament (MEPs) voted to include trusts and allow EU citizens access to beneficial ownership registers.
Ireland triples tax take from super wealthy, raking in €500m
More than half a billion euros was collected by the Irish tax authorities last year from 571 of the country’s wealthiest individuals.
PEOPLE MOVES: Intrinsic, Sesame Bankhall Group, GAM
Old Mutual Wealth’s Intrinsic has lured its new group managing director from Sesame Bankhall Group, which has prompted a management reshuffle at the financial services distributer. GAM has raided Henderson to fill its newly created head of equities role.
Aus bank boss nabs pay rise despite fleecing advice clients
At a grilling in parliament on Friday, the chief executive of the National Australia Bank revealed its head of financial planning had received a 36% pay rise even after it emerged customers had been charged A$34.7m ($26m, €25m, £21.5m) for advice they did not receive.