News
Tax & Regulation | news 22 Feb 16
UK 25% pension tax free lump sum in danger, say Royal London
If UK chancellor George Osborne opts to introduce a new Isa-style pension system in next month’s budget it spells the end of the 25% tax free lump sum allowance, says Steve Webb, director of policy for Royal London.
Edmond de Rothschild rolls out range in UK
Edmond de Rothschild Asset Management is bringing much of its new Luxembourg-domiciled fund range to the United Kingdom.
Middle East | news 22 Feb 16
Guardian Wealth Management exits Qatar after six years
Guardian Wealth Management is to close its office in Qatar after a “strategic review” of the Middle East, shortly after gaining a broker licence with the region’s Insurance Authority in January this year.
HNW client base from China increasing in Hong Kong, BEA says
Personal wealth is flowing out of China as domestic investors grow increasingly concerned over the markets and economic growth, according to Bank of East Asia.
Commodities | news 19 Feb 16
Moody’s cuts Saudi growth outlook amid ratings slide
The impact of lower oil prices has caused ratings agency Moody’s to revise down its economic outlook for Saudi Arabia, in a week which saw rival agency Standard and Poor’s announce a two-notch downgrade of the country’s sovereign ratings.