News
‘Highly unlikely’ Providence investors will get money back
Investors in the doomed Guernsey-based Providence Investment Funds have been told it is “highly unlikely” they will receive any money back, as a campaign group is set up on their behalf to target an FCA-regulated firm it claims is behind the funds’ promotion.
Tax & Regulation | news 12 Jan 17
HMRC sees 80% leap in anti-avoidance tax take
HM Revenue & Customs boosted revenue from its counter-avoidance directorate by 80% last year, according to figures compiled by law firm Pinsent Masons.
The 2017 FSA Fund Award winners are…
Here are the Hong Kong winners of Fund Selector Asia’s third annual fund management awards.
Swiss bank Syz exits Asia to focus on Europe
Switzerland’s Banque Syz has closed its asset management unit in Hong Kong to focus on European markets in the latest step towards consolidation in Asia’s wealth management industry.
Tax & Regulation | news 11 Jan 17
Fatca here to stay as US becomes last global tax haven
The United States will become the last global tax haven as the Common Reporting Standard (CRS) comes into force, making a repeal of Fatca very unlikely, says Nuri Katz, chief executive and founder of Apex Capital Partners.