A Guernsey court has refused to reverse a decision that left a man with over half a million pound tax bill after he was wrongly advised that he could withdraw £1.4m ($2m, €1.8m) from his pension pot.
Chancellor George Osborne stood before the House of Commons and delivered yet another budget on Wednesday. Among the usual pithy remarks, the chancellor outlined another set of changes to the UK’s finances.
Over half of UK financial advisers say their client’s appetite for risk has decreased over the last year – with some saying the drop has been ‘dramatic’, according to new research by online investment platform rplan.
Cazenove Capital has changed its head of wealth management in Singapore; while Natixis AM has named a new chief executive following the departure of incumbent Pascal Voisin. South Africa’s Standard Bank has also appointed a chief executive, while M&G Investments named a new fund manager to its multi-asset team.
Zurich Insurance has named climate change as one of the biggest risks facing economies in the Asia Pacific (APAC) region, according to a recent report published in partnership with the World Economic Forum.
Accountants working in the UK are ill-equipped to deal with the growing demand for personal financial advice following recent changes to early pension access, according to a new poll by retirement lending adviser Bower Private Clients.
Ashburton Investments is set to launch a new Sterling share class for its US dollar-based India Equity Opportunities Fund.
Global asset management firm Legg Mason has merged its subsidiary Martin Currie Global Funds (MCGF) into its Legg Mason Global Fund (LMGF), as part of a move to exploit greater economies of scale, the firm has revealed.
Aberdeen Asset Management has confirmed that it will open an office in the Abu Dhabi Global Market (ADGM) towards the end of the year.
Although commodities are still being treated with a great deal of suspicion, by taking a long-term view investors could reap the rewards of the consolidation that is already underway in the sector.
Private equity firm Origo Partners is considering its options after Brooks Macdonald Asset Management filed a claim with the Isle of Man High Court seeking an order to wind up the closed-end investment company.
Two Cayman Island investment and trust companies pleaded guilty in a New York federal court to helping American clients evade tax. The first conviction of its kind outside Switzerland.
