Aussie government to tackle inactive superannuation accounts
Pots under A$6,000 will be transferred and consolidated to avoid ‘fee erosion’
Author: Cristian Angeloni
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Ex-UBS employee banned by Singapore regulator
He forged documents and falsified emails on background checks to make clients look tax compliant
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UK Sipp firm in default
It did not exercise sufficient due diligence and clients will be eligible to claim compensation
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Moneyfarm doubles down on German expansion
Move bolsters digital wealth manager’s presence and offering to clients in Europe
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Retirees to outlive their savings by at least 10 years
Decumulation needs to be as much of a priority as wealth accumulation for both clients and advisers
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Canada introduces ownership register for private companies
Any ‘individual with significant control’ must be declared – but it won’t be public
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Half a dozen acquisitions for UK wealth manager
It has bought 55 firms across the country since 2014
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IFA firm unveils investment platform
As it rolls out a range of portfolios available for Isas, general investment accounts and offshore bonds
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UK Sipp provider enters administration
Advisers recommended clients transfer pensions which ended up in high risk, illiquid investments
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Dubai real estate investors offered Moldovan passport
As long as they invest at least £1m
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Firms struggle to meet economic substance rules
With clients urged not to go ‘jurisdiction shopping’ to find the most attractive regime
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Indian digital payments firm to buy online insurer
The deal is believed to amount to around $120m to be paid in cash