EU launches attack on hedge and fund manager bonuses
Hedge funds and asset management groups are to face a crackdown on the way bonuses are paid to staff
Industry
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Offshore fund sales slow on fears over Europe
Retail sales of offshore funds into the UK fell in May as investors took a more cautious approach.
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Belgium’s RHJ completes Kleinwort deal
Belgian financial services group RHJ International has completed its acquisition of Kleinwort Benson
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Jersey issues call to islanders to voice views on tax strategy
Jersey is turning to its citizens for their opinions on how the islands tax regime should change.
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Gibraltar QROPS administrators await HMRC/Gib Govt pow-wow
Gibraltar’s QROPS trustees are awaiting a meeting between the Revenue and Gibraltar’s government.
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Philip Story moves to Zurich Int’l Life from FPI
Philip Story has been named head of sales in the Middle East for Zurich International Life.
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EU Commission launches consultation on cross-border IHT
The European Commission has launched a public consultation paper looking into cross-border IHT.
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Neuberger Berman launches global unconstrained fund
Neuberger Berman Europe is launching an unconstrained global equities fund.
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Study: Luanda in Angola is worlds priciest city
Luanda, Angolas capital city, is the worlds most expensive city for expatriates, a survey finds.
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Liechtenstein Parliament LDF vote expected this week
Liechtensteins Parliament is expected this week to unanimously approve a key piece of legislation.
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PwC survey: 80% think Emergency Budget wont stop UK corp migration to more attractive business de
A PwC poll of business execs found 19% thought last week’s budget would slow UK business exodus.
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Charlemagne launches EM dividend fund
Charlemagne Capital has launched the Magna Emerging Markets Dividend Fund.