RBC Wealth axes 3% of jobs in Channel Islands and UK
RBC Wealth Management is making redundant around 3% of its 1,200-strong staff from offices based in Jersey, Guernsey, London and Edinburgh.
Industry
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Rogue Sipp adviser lands Sesame with fine over Cape Verde fund
UK network Sesame has been ordered to compensate a pensioner after one of its advisers invested his Sipp into an unregulated Cape Verde fund and hid the commission.
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Equiom enters Monaco yacht services market with double acquisition
Professional services company Equiom has completed two “key” European acquisitions – including a yacht and aviation services specialist.
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Ex-Chelsea defender sentenced to jail for tax fraud
Former Chelsea and Real Madrid defender Ricardo Carvalho has been sentenced to seven months in prison and fined €142,882 (£128,222 $167,717) for tax evasion.
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PEOPLE MOVES: EFG International, Withers, Boal & Co
EFG International appoints a new chief executive, international law firm Withers appoints London head of immigration and Boal & Co appoints a senior actuarial consultant.
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President Macron eases France’s wealth tax for 2018
France is replacing its widely encompassing wealth tax with a new one which is more narrowly focused on property-related assets in draft rules issued by its government.
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Art investment is not just for the super-rich
With art prices soaring ahead of many asset classes is it still a solid investment choice or is the market only the domain of the ultra-wealthy?
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Int’l consultancy for advisers raises £125m in listing
Alpha Financial Markets Consulting has raised £125m (€139.5m $163m) for an AIM share placing to grow the next phase of its international work with financial advisers and asset managers.
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Isle of Man fights back against fraud
Legislation aimed at modernising measures to combat fraud will come into force on the Isle of Man from 1 November 2017.
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Planning for the unexpected in expat family life
Evacuation coverage for expat families is one of the areas where advisers can help their clients plan for the unexpected, says Eva Tsui, Bupa Global’s head of health solutions.
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Aegon opens Mexican asset manager
Dutch insurer Aegon and its North American subsidiary Transamerica are setting up a Mexican asset management joint venture with the same firm that partnered with Lombard International to launch a life company earlier this year.
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Two Sipp providers partner with platform for worldwide push
Guernsey-based platform Momentum Wealth International has partnered with two well-established expat-focused pension providers, Edinburgh-based Forthplus and the unrelated, multi-jurisdictional Momentum Pensions to give a worldwide push for customised versions of their self-invested personal pension schemes.