CII falls victim to data breach
Hackers accessed personal data of 20% of the trade body’s members
Industry
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European firms eye deal for Thai asset manager
Binding offers are reportedly expected in the next few weeks
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UK financial planning company makes first acquisition
As it sets out ambitious consolidation plans
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SEC unveils stricter outsourcing requirements for advisers
Regulator places due diligence and monitoring in the spotlight
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US expat advice firm sets up in Spain
It will be serving clients with an average of $1m in investable assets
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UAE unveils tax residency criteria
Legislation is a ‘logical step’ towards a global compliance framework
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Value of lost pension pots hits £26.6bn
Figure has nearly doubled since 2018
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German banking group shutters UK private client arm
As part of a cost cutting exercise
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Singapore regulator aims to protect investors from cryptocurrencies
As HNWs in APAC region admit they are keen on investing in digital assets
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Wealth managers to increase spending on client behaviour tech
As 49% claim they mainly rely on own intuition to assess their customers’ psychology
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Malta golden passport revenue set to plummet
Government sources reportedly say scheme is ‘dying’
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Greenwashing concerns rife among advisers
Reputational risk for recommending funds is a top worry for IFAs