News
People Moves | news 19 May 16
PEOPLE MOVES: Friends Provident Int’l, Zurich, Axa…
FPI has confirmed the departure of Singapore managing director Chris Gill and named his replacement. Zurich has made several senior changes of late, including handing the reins of its MEA Global Life business to Walter Jopp. Axa France’s chief executive and chairman is to depart, while Deutsche Bank’s co-chairman of the management board is to step down but will continue to support the bank in a different role.
Best Practice | news 19 May 16
IFAs have ‘no clue’ on pensions – Bank of England economist
The Bank of England’s chief economist Andy Haldane has said that financial advisers have “no clue” about pensions, while admitting that he himself cannot make the “remotest sense” of them.
Investment | news 19 May 16
Poor portfolio diversification top mistake by HNWIs: deVere
The mistake made most often by high net worth investors, prior to seeking financial advice, was failing to properly diversify their portfolios, according to an international poll by deVere Group.
Latin America | news 18 May 16
Argentina offers new tax amnesty
In a bid to capture undeclared funds and assets from Argentines at home and overseas, Argentina’s national government has confirmed that it will offer a new tax amnesty this year.
HNW investors expect European equities to overtake the US
There has been a clear shift among investors over the past two years, with the majority now favouring European equities over the US, according to the latest private client survey from JP Morgan Private Bank.