uk sixth highest tax burden in world
The UK has the ninth highest tax burden on those earning $200,000 per year and the sixth highest for those earning $1.5m, according to a new report based on analysis of 26 countries.
Author: Mark Battersby
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l and g intl sees offshore bond sales boost in q3
Offshore bond sales at Legal & General International were down 7% in the first nine months of this year compared with the same period last year, from £430m to £390m.
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prudential expands in thailand with bank deal
Prudential has agreed a significant long term bancassurance deal with Thailand’s fifth biggest retail bank, Thanachart Bank.
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Commission friendly offering from platform one
Platform One is launching a commission-friendly service to appeal to non-UK advisers who widely use this form of remuneration.
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standard life hk and ireland fees up by quarter
Standard Life’s Hong Kong and Ireland-based offshore operations stood out in its third quarter results with a 24% increase in fee business, from £2.5bn to £3.1bn between 1 January and 30 September 2012.
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Credit Suisse and qatar plan joint venture
Credit Suisse Group and a unit of the Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, plan to start an asset-management joint venture, Bloomberg reported.
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further deadline extensions unlikely for fatca
It is unlikely that there will be any further extensions or delays in FATCA deadlines following last week’s extension announced by the US authorities, according to international law firm Withers.
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bank of valletta year end profits up two thirds
Bank of Valletta, Malta’s longest established financial services providers and one of its largest, has reported a 72% increase in pre-tax profits profit in the year to 30 September.
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iom regulator spells out pension transfer advice
The Isle of Man’s financial regulator has underlined the importance of getting it right when it comes to advising on the tricky area of pension transfers by issuing a new set of guidance notes.
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standard bank launch structured product
Standard Bank Jersey and Standard Bank Isle of Man have launched a structured product which is aimed at returning the initial capital with a fixed interest rate on half the deposit combined with stock market returns from a chosen index.
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crown dependencies hold first trilateral meeting
Senior ministers from Jersey, Guernsey and the Isle of Man have held their first formal meeting to discuss areas of mutual interest since all three jurisdictions held general elections.
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hk financial services sec wants lower mpf fees
Hong Kong’s Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung has called on the mandatory provident fund scheme providers to cut fees further.