News
North America | news 8 Dec 15
SEC to accuse Credit Suisse of inflating private bank assets
The US Securities and Exchange Commission (SEC) is reportedly set to accuse Credit Suisse of misleading investors by improperly inflating reports of the assets under management in its private bank.
Ashburton Investments acquires Atlantic Asset Management
South African investment firm Ashburton Investments will acquire 100% of Atlantic Asset Management, a boutique fixed income asset manager based in Cape Town, for an undisclosed sum.
EEA investors critical of redemption payment plan
A group of investors in the troubled Guernsey-based EEA Life Settlements Fund have criticised plans by its directors to make redemption payments to holders of its Run-Off shares.
Tax & Regulation | news 8 Dec 15
Call to sort out IHT ‘mess of complexity and uncertainty’
The influential chairman of the UK’s Treasury Select Committee has called for a more simple approach to the planned rise in the inheritance tax threshold for the estates of those who die on or after 6 April 2017.
Financial advisers to be open to damages claims in Hong Kong
Financial intermediaries in Hong Kong will be liable for client damages claims if it is found that they have sold or recommended a financial product that is not reasonably suitable.