News
Technology | news 16 Dec 16
Customers failed by ‘clueless’ robo-advisers
Robo-advice firms “do not have a clue” how to communicate well with clients according to research published on Friday calling for the Financial Conduct Authority (FCA) to enforce vigorous rules in the industry.
Arsenal footballer’s house ‘seized’ by Spanish tax authorities
Arsenal forward Alexis Sanchez has had his luxury four-bed house seized in Spain amid an ongoing tax investigation, with the Spanish authorities claiming he owes them €3.7m (£3.12m, $3.8m) in unpaid taxes.
Middle East | news 16 Dec 16
Middle East wealthy among world’s most generous
Major charitable donations among ultra-high net worth (UHNW) individuals rose to an all-time high last year, growing by 3% since 2014, according to a new report by Dubai-based consultancy firm Arton Capital.
Two-week jail term and $7k fine for ex-BSI banker in 1MDB case
Former BSI Singapore director Yvonne Seah has been sentenced to two weeks in prison and fined S$10,000 (£5,553, $6,943, €6,632) as part of the investigation into 1Malaysia Development Bhd (1MDB).
Italy to target non-doms with new tax regime
Italy is to introduce a remittance-style tax regime aimed at attracting non-domiciled high net worth residents, just as the UK makes its rules in this area less attractive post the Brexit vote.