regulation severity cuts off ifa choice
Tightening regulation is restricting the investment choice financial advisers in Hong Kong are able to offer their clients and stifling their ability to do business, according to IFAs based in the territory.
Author: International Adviser
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ipac duo dickinson and yiu join fry group
Two of the top financial planners of iPac the Axa-owned, Hong Kong-based advisory firm that Axa pulled the plug on earlier this year have joined the Fry Group in Hong Kong, as that UK-based advisory business expands its Asia team.
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new zealand tax amnesty introduces new rules
A recently published proposal from the New Zealand Inland Revenue has been framed as an amnesty but masks a new tax, says New Zealand barrister, Michael Reason.
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fsa proposes ban on ucis
The FSA has published proposals to ban the promotion of Unregulated Collective Investment Schemes (Ucis) to the vast majority of retail investors in the UK following a consultation on the products.
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expats paying too much for pension transfers
UK banks are overcharging expats who transfer their British pensions to the countries they now live in, according to a recently-launched company, TransferWise, which specialises in under-cutting them.
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time apportioned reduction changes
Last week, HMRC published a consultation to propose changes to the time apportioned relief tax regime. Here Prudentials Gerry Brown explains what the revenue has set out to do.
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hmrc to visit up to 90 tax advisers
HM Revenue & Customs, in what is perhaps its latest attempt to clamp down on tax avoidance, has announced plans to visit around 80 or 90 tax agents whose client tax filing or tax payment it deems to have fallen outside the range it would normally expect to see.
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kleinwort benson makes senior hires
Kleinwort Benson has made two senior appointments to its Guernsey-based banking team.
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end free banking says jersey finances cook
Jersey Finance chief executive Geoff Cook has proposed that the banking industry put an end to so-called free banking services, as part of a seven-point plan he believes would help to “rebuild public trust in banks, while at the same time creating a sustainable banking model.
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merrill lynch fined hk3 5m for regulatory failings
Global banking giant Merrill Lynch has been fined HK$3.5m ($450,000, £290,000) by the Hong Kong financial regulator over a fraud committed by one of its former employees.
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child spies for hmrc
HM Revenue & Customs has launched a new school module for teachers of teenage children in the UK, which some argue promotes the idea of children spying in their community for tax dodgers.
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qe hopes send market higher vol lower
Hopes of more accommodative measures by the US Federal Reserve and the European Central Bank drove equity prices higher and volatility measures lower last week, with emerging market equity funds benefiting from the subsequent jump in risk appetite.