It’s not often that the European Court of Justice comes up with two interesting judgements with financial service implications in the space of two weeks but that was achieved following its rulings in relation to RVS Levensverzekeringen (RVS) and GfBK Gessellschaft fur Borsenkommunikation mBH (GfBK).
Nicola Guffogg has been named income tax assessor on the Isle of Man, succeeding Malcolm Couch, who is leaving the post after eight years at the end of next month to become the island's chief financial officer.
UK pension taxation and reliefs are set to undergo significant revision, as announced by the UK chancellor in his Autumn Statement. Here Boal & Co's Gary Boal looks at the impact this will have on QROPS.
In an area that remains largely unregulated, David Wallis-Powell of Scottsdale Overseas talks about keeping ahead of the game, by bringing a UK-style approach to the Spanish market.
Baring Asset Management has hired the former head of international product for Natixis Global Asset Management as head of product and fund development.
Some 30,000 expatriates who work in Kuwait’s public sector stand to lose their jobs after the country’s parliament approved legislation capping the percentage of foreigners allowed to do such work, according to Gulf media reports this morning.
Morgan Stanley has again been chastised by Hong Kong’s City watchdog, with one of its researchers receiving a 14-month industry ban.
Spokesmen for financial services businesses in Malta say they are waiting to see what, if any, changes will follow the election of the island’s first Labour prime minister in 15 years.
Standard Bank has made two senior appointments within its personal and business banking international division.
The UK has been accused of having an “increasingly hostile tax code” towards high net worth individuals by law firm Pinsent Masons, which said the number of UK registered non-domiciles had fallen by a further 2,000 over the past year.
Optimism regarding global economic growth prospects has increased in the last year among Gulf intermediaries, but the Eurozone crisis remains a major concern for global financial markets, according to a poll carried out in Dubai last month by Invesco Asset Management.
The Harlequin property group has won the right to continue doing business, after a court last week rejected an effort by some investors aimed at freezing its assets.
