Jersey and Guernsey have both blamed a possible ‘Brexit’ for Standard & Poor’s recent ratings downgrade despite S&P pointing to the G10’s rising focus on low-tax regimes and the impact that may have on their financial services sectors as the driving force behind its decision.
The Gibraltar government will create the jurisdiction’s first financial services ombudsman, following the publication of the Financial Services Ombudsman Act 2016.
The Malta Stock Exchange (MSE) has launched the MSE Sharia Equity Index, which has been certified as compliant with Islamic law by Dubai-based Islamic finance consultancy Dar Al Sharia.
The majority of financial advisers (82%) expect to see increasing numbers of clients referring them to other family members, according to research from Investec Wealth & Investment.
Investor sentiment has taken a significant hit following the turbulent start to 2016, falling in February to its lowest level since May 2013, according to Lloyds Bank.
Investors are turning more cautious in the face of the turmoil in the financial markets this year, according to the latest Bank of America Merrill Lynch (BAML) Fund Manager Survey, with average cash balances up at their highest weighting since November 2001.
Despite forthcoming changes to the UK’s tax system, pensions will remain the most efficient form of savings, according to a study from the Institute for Fiscal Studies (IFS).
Nikko AM has named a new EMEA head; while Generali Worldwide, after losing its chief executive to Zurich, has poached a new sales manager for the firm’s Singapore branch. Zurich UK Life appointed a new CFO and RBS Group named JP Morgan Chase’s former head of wealth management in Asia as the new chief executive…
While the first two ‘arrows’ of Abenomics have helped boost Japanese equity performance and devalued the yen, the jury is still out on whether the strategy is succeeding. Much will depend on the third arrow of structural reform.
Pensions are a tax efficient and flexible way to save towards retirement but time is running out in the UK to use this year’s allowance, says Sarah Lord, managing director of Killik Chartered Financial Planners.
The European Securities and Markets Authority (ESMA) is seeking input on the technical implementation of a regulation to improve the governance and control of financial market benchmarking.
More than 100 people who invested in a fraudulent collective scheme will collectively receive around £2.9m compensation following the successful prosecution of a fake foreign exchange trader under the Proceeds of Crime Act 2002 (POCA).
