advisory firm fined by singapore regulator
A financial advisory company in Singapore has been fined by the local regulator for failing to file its annual accounts on time.
Author: International Adviser
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new zealand qrops face potential 33 tax rate
Pension transfers from overseas schemes into New Zealand, including QROPS, may be subject to an “effective tax rate” of up to 33% if proposed changes to the country’s tax legislation go ahead.
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storms ahead for the qrops industry
As 2012 comes to a close, Montfort International managing director Geraint Davies voices his concern that there could be trouble ahead for the overseas pension scheme sector…
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hsbc bank oman seeking buyer for five
HSBC Bank Oman is looking for buyers for five Indian and Pakistani branches of what until recently was known as Oman International Bank (OIB), the Times of Oman has reported, quoting “a senior official” of the bank.
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homecoming for two fund managers re joining
Two fund managers are to re-join Principal Global Investors as part of its emerging markets equity team.
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axiom legal fund drama continues with libel
Timothy Schools, the founder of an allegation-hit legal financing fund, has filed a libel action in the High Court in London against the publisher of the Miami-based OffshoreAlert news website, claiming that a series of recent articles about his business had done “damage” to his reputation.
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spanish authorities to scrutinise accounts
Spain’s tax office has won the right to see the 2006 and 2007 bank account details of those patron’s of Spain’s largest department store group, El Corte Inglés, who ran up 30,000 or more in charges on their store cards during each or both of those years, International Adviser has learned.
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cyprus property brits get right
The UK’s High Court in London has ruled that a group of UK property buyers who claim that they were mis-sold properties in Cyprus at the height of the property boom there may have their cases heard and decided in a British court in certain circumstances.
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credit suisse cuts asset management in sing
Credit Suisse has eliminated an undisclosed number of roles in its asset management operations in Singapore, International Adviser has learned.
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Life in Singapore Life trends with Zurich Life
Following the launch of Zurich Life Insurance (Singapore) in April, chief executive officer Graham Morrall explains how the subsidiary is trying to bridge the protection gap in the area.
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mabbutt to head liontrust global credit division
Thames River founding member Michael Mabbutt will join Liontrust Asset Management next year ahead of the launch of a new Dublin-domiciled fixed income fund.
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new zealands evergreen qrops temporarily
The Evergreen Retirement Trust, a registered New Zealand superannuation scheme which benefits from being classified as a QROPs, has been “temporarily suspended” from HM Revenue & Custom’s list of such qualifying recognised overseas pension schemes, trust director Simon Swallow today confirmed.