luxembourg plans fatca-style tax info
Luxembourg has set out its plans to automatically exchange tax information within the European Union, by easing its bank secrecy rules from 2015.
Author: Mark Battersby
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rbcwm names director for asian domiciles in uk
RBC Wealth Management has appointed Angelina Yap as a director in its UK private client wealth management team, with a specific brief to focus on Asian domiciled individuals.
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hsbc sells singapore life business to axa
HSBC is to sell part of its Singapore insurance business to AXA in a deal worth $19.3m.
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game on in africa
With a growing middle class, improving risk levels and a fast-developing regulatory environment, the continent now offers exciting opportunities.
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fpi launches trust product to reduce iht bill
Friends Provident International has launched a discretionary trust product specifically targeted to those who are restricted by a UK registered pension scheme’s annual allowance or the lifetime allowance.
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barings acquire top korea asset mgr
Baring Asset Management has boosted its assets under management by around $7.4bn through the acquisition of independent asset manager SEI Asset Korea Co (SEIAK).
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devere pulls out of kenya partnership
DeVere has stopped doing business in Kenya, less than a year after making its first move into the country as part of a bold Africa wide strategic push.
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feifa to offer pi through bespoke lloyds broker
FEIFA has partnered with a specialist Lloyds broker to offer an ‘exclusive’ multi-insurer solution for advisers seeking professional indemnity cover.
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Emerging mkt billionaires up with old wealth
Business people in the emerging markets of Africa, Central and Eastern Europe and the Middle East have joined the ranks of global billionaires, according to a new study by Forbes Insight and Societe Generale Private Banking.
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fpi makes 37m loss as changes model
Friends Provident International made a pre-tax loss of £37m in 2012, due to £82m of one-off restructuring related charges.
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carey olsen guernsey fatca guide
Carey Olsen has written a detailed briefing note on the background and possible components of the UK and US intergovernmental agreements, reporting arrangements for non-doms and implications for Guernsey financial services institutions.
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saudi sedco launches islamic invst platform
Sedco Capital, the Saudi Arabia-based asset manager, has launched an investment platform of Sharia-compliant funds aimed at high net worth investors and institutional investors.