Skandia has said that while HM Revenue & Customs prevented a mass headache by leaving existing trusts out of its proposed reforms to the calculation of inheritance tax, it will create thousands of new demands for financial advice.
Axa Investment Management has broadened the number of its funds which are available in Asia, registering a range in Singapore for the first time and making a further seven available to investors in Hong Kong.
Singapore is to introduce an overnight renminbi liquidity facility to meet the short-term financing needs of financial institutions trading in the Chinese currency.
Axa Wealths specialist sales team, which looks after the sale of offshore bonds into the UK, is set to be shrunk further, International Adviser can reveal.
New Zealand has signed a unique intergovernmental-agreement (IGA) with the US allowing it to keep low risk accounts exempt from disclosure after the introduction of FATCA next month.
MiFID II, the European legislation aimed at improving financial transparency, is to come into force on 2 July after being published in the Official Journal of the EU today.
Nomura Asset Management has opened an office in the Dubai International Financial Centre, its first in the Middle East.
A leading tax specialist has described recent proposals by HM Revenue & Customs to crack down on inheritance tax avoidance as the latest in a series of assaults which may lead to the ultimate demise of trusts.
MSCI is to remove the MSCI Korea and MSCI Taiwan indices from its review list for potential reclassification as developed markets.
The Financial Reporting Council (FRC) has launched an investigation into Baker Tilly over a lack of professional competence in its audit of electric vehicle manufacturer Tanfield Group.
Skandia has appointed a new product director to look after its UK, international and Continental European businesses, with an initial focus on developing a retirement income proposition following recent pension changes.
Vanguard has unveiled three exchange-traded funds in Hong Kong including the country’s first ETF providing investors with exposure to European equities.
