APFA calls for product levy to reform FSCS funding
Levies set by the UK’s Financial Services Compensation Scheme (FSCS) hit an all-time high in 2015, with many firms concerned that they have reached unsustainable levels, according to APFA.
Author: Kirsten Hastings
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SEC to accuse Credit Suisse of inflating private bank assets
The US Securities and Exchange Commission (SEC) is reportedly set to accuse Credit Suisse of misleading investors by improperly inflating reports of the assets under management in its private bank.
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Ashburton Investments acquires Atlantic Asset Management
South African investment firm Ashburton Investments will acquire 100% of Atlantic Asset Management, a boutique fixed income asset manager based in Cape Town, for an undisclosed sum.
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Financial advisers to be open to damages claims in Hong Kong
Financial intermediaries in Hong Kong will be liable for client damages claims if it is found that they have sold or recommended a financial product that is not reasonably suitable.
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Business strategies: Smartening up your act
With the introduction of South Africa’s RDR fast approaching there are a number of vital issues firms should address, says Brian Foster, founder of Brian Foster Coaching & Consulting, in part one of a series of three articles.
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Fund distribution channels and IFAs key for Hong Kong
The lack of a significant IFA industry and the concentration of fund distribution channels in the banking sector could hamper Hong Kong’s ambition of becoming the world’s leading fund distribution centre, according to an official report.
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Eastspring hires industry veteran as Hong Kong CEO
Eastspring Investments, the investment management arm of Prudential, has appointed King Lun Au chief executive of Eastspring Investments Hong Kong.
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Spanish resident appeals to ECJ over excessive disclosure fine
A Spanish taxpayer is appealing to the European Court of Justice (ECJ) over an “excessive” penalty for disclosing his overseas assets a year late, according to global financial advice association Step.
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KBL appoints group chief financial officer
Luxembourg-based KBL European Private Bankers (KBL epb) has appointed Rachel Hamen as group chief financial officer.
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Schroders launches euro credit absolute return fund
Schroders International Selection Fund (ISF) has launched its Euro Credit Absolute Return UCITs fund, which aims to provide a positive annual return throughout the market cycle.
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French structured products specialist launches in the UK
Hilbert Investment Solutions, a specialist structured products firm, has gained approval from the Financial Conduct Authority (FCA) to operate in the UK.
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Law firm launches online tax subscription service
International law firm Simmons & Simmons has launched a new online tax subscription service, designed to help clients in the asset management & investment funds and financial institutions sectors when structuring and marketing funds.