News
Investment | news 1 Feb 17
Cash held by global fund managers on the rise, BoAML survey
Global fund managers are holding more cash than the 10-year average, indicating a buy signal for equities, according to Bank of America Merrill Lynch’s monthly global fund manager survey for January.
Middle East | news 31 Jan 17
Abu Dhabi finance centre to share information with Mauritius
The regulator of the Abu Dhabi Global Market (ADGM), the UAE’s new international financial centre, has signed an agreement with the regulatory authority in Mauritius to strengthen cooperation and facilitate the exchange of information.
Tax & Regulation | news 31 Jan 17
HMRC tax revenues from ‘enveloped’ properties up 53%
The UK tax office raised £178m ($223m, €208m) in financial year 2015/16 through taxing British homes owned by companies, data from London and Geneva-based law firm Collyer Bristow suggests.
Retirement | news 31 Jan 17
UK investigates overseas pension transfers in scam crackdown
The Financial Conduct Authority (FCA), the UK’s financial services regulator, is currently investigating overseas pension transfers as part of a move to tackle widespread investment fraud, according to Paul Davies, director of advisory firm bdhSterling.
PEOPLE MOVES: LGIM, Brewin Dolphin, US SEC
Legal & General Investment Management has created a new head of personal investing for its UK direct business, while Brewin Dolphin’s chief operating officer is to depart. The exodus continues from the US Securities and Exchange Commission.