Schroders launches first liquid distressed fund
Schroders has launched its first liquid distressed fund, providing access to a new hedge fund within the Alternative Investment Fund Managers Directive (AIFMD) framework.
Author: Kirsten Hastings
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Offshore bond demand to rise following pension changes
Over a third (36%) of professional advisers expect to recommend more offshore bonds to clients following reductions to annual and lifetime limits for pension contributions, according to Canada Life.
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Clearer pension fund costs needed, says UK Consumer Panel
Pension fund costs and charges look set to become more transparent following a new reporting standard proposed by the UK’s Financial Services Consumer Panel (FSCP) on Friday.
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FATCA exceptions agreed by Swiss and US authorities
Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act (FATCA) following the signing of an agreement by the countries’ authorities in February.
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Lombard Int’l sets up dual US-UK wealth solution
Lombard International Assurance, a provider of wealth structuring solutions for high net worth clients, has launched a new wealth planning product designed to meet the needs of US taxpayers and prospective US residents currently residing in the UK.
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PEOPLE MOVES: Schroders, Zurich Insurance, LGIM…
Schroders courted a little controversy this week with the appointment of its new board chairman. Zurich Insurance named a new chief underwriting officer in Asia Pacific, while Legal & General Investment Management created a new head of product role.
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ANZ restructures Australasian wealth management business
ANZ will simplify its approach to wealth management and more closely align its distribution of wealth products and services with its retail and commercial businesses, the bank announced on Wednesday.
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Novia launches Malta Qrops global retirement account
International intermediaries’ platform Novia Global has expanded its offering with the launch of its Global Retirement Account (GRA).
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Wealth management fees hit 5-year high in Singapore
Wealth management fees more than doubled between 2010 and 2015 at Singapore’s three banks, as Asia Pacific surpassed North America as home to the largest number of high net worth individuals.
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Liechtenstein’s AAA rating affirmed
While other offshore financial centers have suffered ratings downgrades of late, Lichtenstein has had its AAA rating affirmed by Standard & Poor’s.
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PEOPLE MOVES: Hong Kong SFC, BNP Paribas IP, Credit Suisse…
Hong Kong’s securities regulator has announced a leadership change at its intermediaries division. BNP Paribas Investment Partners names a new head of emerging market fixed income, while Credit Suisse’s global head of macro products is rumoured to be departing.
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Five retirement planning fundamentals
With the tempo of pension reforms unlikely to slow, there are sure to be new pitfalls to avoid. But according to St James’s Place there are five retirement planning fundamentals that will remain. Use the arrows on the images below to find out what they are.