JP Morgan Asset Management hires PIMCO exec
Mark Richards has joined JP Morgan Asset Management (JPMAM) as a strategist in the global multi-asset solutions group.
Author: Kirsten Hastings
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Former Bellpenny director launches IFA acquisition advisory business
Former Bellpenny operations director Dawn Pearce-Herzberg has launched Vines Row, a new business venture that she believes will provide a key missing ingredient to the existing IFA acquisitions market.
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Weariness prevails as UK’s autumn statement looms
With the autumn statement looming large, industry leaders are speculating, with more than a small hint of weariness, about what the chancellor could announce this time.
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Prudential launches extracting company profits tool
Prudential has launched a free online tool to help financial advisers develop best practice strategies for UK-based business-owner clients wanting to extract profits from their UK-based companies as part of their retirement plan.
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UK non-dom changes unfair, unreasonable, disproportionate
Plans that would effectively end the UK’s non-domicile status for tax purposes have the potential to do more harm than good and could be contrary to EU law, according to the Institute of Chartered Accountants.
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Neuberger Berman launches corporate hybrid bond fund
Investment management firm Neuberger Berman launched a UCITS strategy focused on the fast-evolving non-financial corporate hybrid debt asset class on Thursday.
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Guernsey Finance appoints Lyndon Trott chairman
The board of Guernsey Finance has appointed Lyndon Trott as chairman, effective from 1 December. Trott replaces Jim Gilligan, who is retiring having held the position since 2006.
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Canadian investors wary of fee-based only financial advice
The vast majority (88%) of Canadian investors would like to determine for themselves how they pay for financial advice after indications that banning third-party commissions in the UK and Australia has led to an advice gap.
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Brazil proposes voluntary offshore asset disclosure
Brazil’s federal government has submitted a bill to the Senate to establish a voluntary disclosure programme that would allow companies and individuals to regularise any undeclared offshore assets without facing criminal prosecution.
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UK financial adviser numbers rise but still woefully short
The number of independent and restricted financial advisers in the UK rose by 5% to 22,557 in November 2015, up from 21,496 in October 2014.
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Jersey and Spain sign tax information exchange agreement
As early adopters of the new global standard for the automatic exchange of information; Jersey and Spain signed a tax information exchange agreement (TIEA) on Tuesday.
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Singapore outpacing Hong Kong for millionaires
The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.