singapore to overtake switzerland as banking
Singapore is the world’s fastest growing wealth centre and is predicted to overtake Switzerland to become the largest offshore private banking market by 2020, according to recent research.
Author: International Adviser
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uk advisers face 13 fee hike
Intermediaries in the UK face paying around 13% more in fees to the newly created Financial Conduct Authority.
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tax cheats warned as hmrc launches new disclosure
Those evading tax by hiding money in the Isle of Man, Jersey or Guernsey are being warned by HM Revenue & Customs to “come clean” before it clamps down on them.
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reaction to eu fatca its not just yanks anymore
As recently as last year, Americans were seen as the pariahs of the international financial services world, with many non-US banks unwilling to have them as clients because new US legislation, known as FATCA, meant that they came with onerous tax information reporting obligations.
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martin currie targets asia pac growth with
UK headquartered asset manager Martin Currie has opened a “hub” in Singapore, as it seeks to increase its presence in the Asia Pacific region.
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uk unveils fatca type info exchange
The UK Government today announced that it is to develop and pilot a new “multilateral tax information exchange agreement” with four of its largest EU fellow members.
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key solvency II elements rejected
The European Union's insurance industry watchdog has rejected key elements of the proposed Solvency II regime, in a discussion paper that it has put out to comment.
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kbl epb appoints group legal officer
KBL European Private Bankers has appointed Hanif Mohamed as its group legal officer based in Luxembourg.
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ioms boston trust buys ioma fiduciary
Boston Trust Company, the Isle of Man-based trust and corporate services provider, has acquired IOMA Fiduciary, also based in the IoM.
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henley group offers fee only service for hnws
Asia-based advisory company, The Henley Group has launched a fee-paid wealth management service designed specifically for its affluent clients.
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more rosiip investors informed of 55 pension
A further tranche of investors in the now defunct ROSIIP QROPS have been contacted by HMRC informing them they have to pay an “unauthorised payment” charge of up to 55% of the value of their pension.
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take a chance on africa for higher returns
Barings Asset Management is launching a Frontier Markets Fund with a high conviction stance on Africa, an approach higher-risk investors could see bring them attractive returns, according to Chelsea's Juliet Schooling-Latter.