News
Gibraltar Life Insurance adviser stole £1.4m from clients
A financial adviser for Japan-based Gibraltar Life Insurance has been accused of stealing around JPY190m (£1.4m, $1.9m, €1.7m) from 26 customers over a period of 10 years, the company said in a statement on its website.
Best Practice | news 9 Sep 16
Date set for Hammond’s autumn UK statement
The UK’s newly installed chancellor of the exchequer Philip Hammond is to make his first autumn statement in the house of commons on 23 November, putting his own stamp on the treasury and setting out the financials post the Brexit vote.
Pictet AM unveils its first Hong Kong-domiciled fund
Pictet Asset Management has launched a multi-asset income fund, its first domiciled in Hong Kong, and has high expectations for emerging Asia equities over the next five years.
Tax & Regulation | news 9 Sep 16
Australian superannuation cap still on the agenda
Contentious proposals to cap lifetime superannuation fund contributions were not included in the first tranche of draft legislation released by the Australian treasury on Wednesday but remain under consultation.
Morgan Stanley IM launches Global Brands Equity Income fund
Morgan Stanley Investment Management has announced the launch of the Global Brands Equity Income (GBEI) Fund, which will offer an enhanced income version of its existing Global Brands Fund in both Luxembourg Sicav and UK domiciled Oeic fund formats.