An ad-hoc alliance of about 15,000 financial advisers and managers in Singapore has formed to defend the commission model for remunerating providers of financial services and advice, a Singapore newspaper is reporting exclusively today.
New rules that would oblige investment funds domiciled outside of the UK to provide clean share classes to the British market if they wish to continue to market there after January 2014 are attracting growing concern from cross-border asset managers.
Expat and UK-based pensioners have been filling the comment sections of online news websites and pensioners groups over the last few days with impassioned arguments about whether the British Government is right to seek to block a new annual winter fuel payment to some 440,000 expat British pensioners.
Sterling holds its ground, and could move higher against the dollar over the next few weeks, as the greenback’s ‘safe haven status’ continues to erode; the euro gains on Greek compromise hopes Moneycorp takes us through last weeks currency moves
Julius Baer, the Zurich-based wealth management group that is to buy Bank of America Merrill Lynchs overseas wealth management business, has confirmed that it has suffered another theft of data involving clients who may have sought to avoid German taxes.
Hong Kongs Securities & Futures Commission has taken legal action against the Hong Kong arm of UK-based Big Four accounting firm Ernst & Young, for failing to produce key accounting records of a mainland company that had sought a stock market listing in Hong Kong three years ago.
A group representing financial advisers across Europe is petitioning the European government not to introduce a ban on commission payments, a move it says will damage small business and hurt investors.
In light of recent controversies over tax-avoidance schemes, it can be easy to urge caution when approaching offshore bonds. However, says Friends Providents Brendan Harper, these can still provide legitimate opportunities in the crystallisation process of future retirement planning structures
Concept Group, formerly known for its range of Guernsey based QROPS, has partnered with European IFA association FEIFA.
Appleby, the largest offshore law firm by partner numbers, is expanding its corporate transactions capabilities in Asia with the relocation of Isle of Man-based corporate partner John Melia to the firms Hong Kong office.
Barclays has set up an Independent Asset Managers team in Singapore to target the ultra high net worth market.
Capital Platforms, the Singapore-based platform provider recently launched by the original founders of Boston Direct Management, has added the Brooklands SIPP to its suite of products available to its adviser clients.
