News
Malaysia’s retail unit trust sector gets a boost
Malaysia’s Securities Commission (SC) is shortening the time it takes to get non-complex retail unit trusts to market.
Tax & Regulation | news 21 Jul 16
Three UK advisers arrested in £132m tax-dodging fraud
Three UK tax advisers have been arrested as part of a HM Revenue & Customs (HMRC) investigation into a suspected £132m ($173m, €157m) fraud involving offshore trusts.
Singapore to act against 4 key banks over 1MDB scandal
Singapore has announced plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Aberdeen lowers dilution adjustment on UK Property
Aberdeen has reduced the dilution adjustment on its UK Property Fund and its feeder unit on the back of slowing redemptions the firm said.
People Moves | news 21 Jul 16
PEOPLE MOVES: Pimco, Brewin Dolphin, T. Rowe Price
A senior management shift has seen Pimco poach its new chief executive from Man Group. Brewin Dolphin has named two divisional directors, while T. Rowe Price has created a new head of strategic partners role.