No change for crown dependencies’ financial services sectors
The financial services sectors of Jersey, Guernsey, and the Isle of Man should see little, if any, change following the UK’s decision to leave the European Union.
Author: Kirsten Hastings
-
-
Business as usual for Qrops, says STM
UK citizens will still be able to transfer their pensions to Europe via a qualifying recognised overseas pension scheme (Qrops) despite Britain voting to leave the European Union, says Alan Kentish, interim chief executive of STM Group.
-
Brexit: the international reaction
The UK narrowly voted on Thursday (52:48) to leave the European Union, an unprecedented move with an unclear outcome. What follows will undoubtedly be at least two years of uncertainty, but how will the offshore financial centres fare?
-
Less than a quarter of HNWs invest offshore for tax reasons
Only 23.2% of global high net worth (HNW) wealth is invested offshore for tax reasons, according to financial services research and insight firm, Verdict Financial.
-
Ex-Credit Suisse banker pleads guilty to aiding tax evasion
A former Credit Suisse banker, who has been on the run for five years, pleaded guilty in a US federal court on Wednesday to helping Americans evade paying tax.
-
PEOPLE MOVES: Axa IM, Investec AM, Standard Life Investments
Axa Investment Managers has appointed a new head of insurance solutions for its UK operations. Investec Asset Management has added a portfolio manager to its multi-asset team, while Standard Life International has created a new head of institutional sales role in Japan.
-
Australian watchdog takes action against Macquarie IM
The Australian Securities & Investments Commission (Asic) has commenced proceedings against Macquarie Investment Management relating to a A$30m (£15.3m, $22.4m, €19.9m) investment in a Cayman Islands-based fund.
-
Obesity a key factor in UAE insurance claims, says Zurich
Expanding waistlines in the United Arab Emirates are having an impact on the region’s insurance claims, with obesity often a contributing factor in both life insurance and critical illness claims, according to Zurich Insurance Group.
-
Lombard International granted Hong Kong brokerage licence
Luxembourg and Philadelphia-headquartered Lombard International has received approval for a brokerage licence for its Hong Kong subsidiary, Lombard International Brokers.
-
Abu Dhabi signs cooperation agreement with Turkey
The Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding with Turkey to cooperate and exchange supervisory and enforcement information.
-
Intermediary misconduct tops HK regulator investigations
The Hong Kong Securities and Futures Commission (SFC) investigated 226 intermediaries for misconduct in 2015/16, up from 187 the previous year.
-
FAMR’s financial advice working group named
The UK’s Financial Conduct Authority has named a working group that will take forward three key recommendations of the Financial Advice Market Review.