News
Allan Gray family transfers control of business to charity
Allan Gray, founder of the South African-based investment management firm which carries his name, and his family have moved their controlling stakes in the Orbis and Allan Gray groups into a new charitable foundation.
Retirement | news 7 Jan 16
FCA reports 13% drop in consumers accessing UK pension pots
The Financial Conduct Authority (FCA) has published its latest quarterly data on how consumers accessed their pensions in the period from the beginning of July to the end of September 2015. The sample of firms in the survey covers an estimated 95% of defined contribution (DC) contract-based pension schemes. Please click on the pictures below to see the findings.
JTC completes GAM Cayman fund business acquisition
Fund service provider JTC Group has completed its acquisition of GAM’s Cayman Island-based fund administration business.
Jersey and Guernsey removed from Italian blacklist
Jersey and Guernsey will no longer appear on Italy’s tax blacklist, after the Italian parliament revised provisions in the country’s tax code relating to blacklists on corporate taxation and controlled foreign companies (CFC) rules.
People Moves | news 7 Jan 16
Hunt for new FCA chief wide open as acting CEO withdraws
The acting head of the Financial Conduct Authority (FCA), Tracey McDermott, has ruled herself out of taking on the job full-time, according to UK chancellor George Osborne.