News
PEOPLE MOVES: Standard Life, Quilter Cheviot, Crowe CW
Standard Life’s chief executive for UK and Europe Pensions and Savings is to retire, with Quilter Cheviot’s chief executive announcing similar plans. Audit, tax and advisory firm Crowe Clark Whitehill sadly announced on Friday that its national head of private clients has died.
Tax & Regulation | news 27 Jan 17
HMRC under fire for £1bn fall in wealthy tax take
HM Revenue & Customs has come under attack for not explaining a near £1bn (€1.17bn, $1.25bn) drop in income tax receipts from high net worth individuals in a scathing new report by a UK parliament select committee.
Best Practice | news 27 Jan 17
Fee-based 1% model ‘overcharging’ UK clients, study finds
UK consumers are being overcharged by advisers who levy a percentage point fee on the value of the assets a client invests, with too much money going into the pockets of wealth managers, according to a new report by Capital Asset Management.
Emerging Markets | news 27 Jan 17
Newcomer EM bond funds to watch
The evolution of the EM bond fund asset class has seen recent launches emphasise either flexibility, blended strategies for instance, or specific areas of the market, such as short duration funds.
Thailand eases foreign ownership rules for life companies
Thailand has announced it will relax foreign ownership restrictions and board limits for life insurance companies in a bid to “promote stability” in the industry.