News
Swiss regulator fines Coutts $6.6m for role in 1MDB scandal
Switzerland’s financial regulator has fined Coutts & Co, which counts the Queen among its clients, for violating money-laundering rules and illegally profiting from transactions associated with 1Malaysia Development Bhd (1MDB).
Best Practice | news 2 Feb 17
Financial Adviser School achieves LIBF recognition
The Financial Adviser School (FAS), the UK-based training academy owned by Old Mutual Wealth’s (OMW) Intrinsic network, has secured recognition from The London Institute of Banking and Finance.
Liontrust launches European smaller companies fund
Specialist fund management group Liontrust has launched a European smaller companies fund with the aim of achieving long-term capital growth by investing primarily in pan-European smaller companies.
Expats in South Africa facing ‘turmoil’ ahead of tax hikes
Wealthy expats living in South Africa are set to be hit hard by sweeping tax increases set to be announced in the country’s budget later this month.
North America | news 2 Feb 17
Fiduciary rule critic loses White House job on ethics grounds
A vocal critic of the US Department of Labor’s (DoL) fiduciary rule, Anthony Scaramucci, will no longer be appointed to a role in Donald Trump’s White House due to an ethics conflict.