News
Investment | news 24 Jun 16
Less than a quarter of HNWs invest offshore for tax reasons
Only 23.2% of global high net worth (HNW) wealth is invested offshore for tax reasons, according to financial services research and insight firm, Verdict Financial.
United Kingdom | news 23 Jun 16
Millennials will force asset managers to adopt fintech
Millennials, the generation aged between 18-34, will be the driving force behind asset managers adopting fintech, a leading industry expert said.
Australia’s JBWere cuts adviser commissions
Australian financial advisers JBWere, a unit of National Australia Bank (NAB), plans to revamp its remuneration structure and cut adviser commission rates in line with changes in the domestic and global regulatory environment.
North America | news 23 Jun 16
Ex-Credit Suisse banker pleads guilty to aiding tax evasion
A former Credit Suisse banker, who has been on the run for five years, pleaded guilty in a US federal court on Wednesday to helping Americans evade paying tax.
Best Practice | news 23 Jun 16
Dubai regulator to tighten financial activity rules in DIFC
The Dubai Financial Services Authority (DFSA) plans to tighten rules on the selling and promoting of financial products in the international financial centre, and on the activities of representative offices.