News
FCA bans six for UK property scheme scam
Six of the eight men found guilty last year of a UK property fund scam, which defrauded investors of around £4.3m ($5.24m, €4.78m), have been banned by the Financial Conduct Authority (FCA) from performing any function in relation to any regulated activity in the industry.
United Kingdom | news 1 Nov 16
UK advisers expect an increase in M&A activity
Consolidation among small IFA firms is expected to increase over the next two years, according to a survey by Investec Wealth & Investment.
Commodities | news 1 Nov 16
US investors turn to gold as US election looms
New US investors in gold increased by 81% over the month of October as the price of bullion fell to its lowest level since April at $1266 per ounce.
Best Practice | news 1 Nov 16
HMRC investigates tax bills of one third of UK’s richest
HM Revenue & Customs is investigating 6,500 high net worth individuals (HNWs) with a total case value of £1.9bn (€2.1bn, $2.3bn), according to a report by the UK’s National Audit Office released on Tuesday.
Middle East | news 1 Nov 16
Saudi Arabia opens real estate fund trading to expats
Saudi Arabia’s Capital Market Authority (CMA) board has given the green light to foreigners in the Kingdom to trade Real Estate Investment Trusts (Reits) on the Saudi bourse.