Manulife IM takes full ownership of China fund management JV
To meet the growing demand for retirement planning in the country
Industry
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PEOPLE MOVES: Blacktower, Deutsche Bank, Continental
Advice firm bolsters Cayman arm with senior hires, while banking giant names group head of wealth in Asia
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Global insurance broker sets up Germany operation
To expand its healthcare offering for expats
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Schroders subsidiary buys UK advice business
It has also picked up a 49% stake in a chartered financial planning firm
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Deutsche Bank targets Middle East and Asia wealth expansion
It plans to ‘significantly invest’ in markets such as Saudi Arabia and Indonesia
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IHT receipts 14% higher than in 2021
Taxman has collected £4.1bn in the current tax year so far
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Progeny snaps up UK financial planning firm
Deal takes assets under management to nearly £7bn
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M&G unveils portfolio bond in Channel Islands and IoM
Product will give advisers in the jurisdictions access to PruFund range
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Goldman JV rolls out debut China wealth product
It will adopt quantitative strategies
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Spain to supercharge its wealth tax
Which could come into force as early as December 2022
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Millennials prioritise parents over inheritance
Preferring they have a comfortable retirement rather than gift money
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HMRC to rake in £1.7bn from Autumn Statement tax avoidance crackdown
Investigations are an ‘open door’ the Treasury can continue to push