The group chief executive of Guernsey-based European Wealth has decided to leave the company a week after announcing he would be taking an indefinite leave of absence and the company reported a loss for the first half of 2017.
Stark differences in regulatory interpretation among the 28 members of the European Union means that far-reaching reforms covering all aspects of the financial markets could end up defying their purpose and result in a “fragmented” single market.
The influential UK Work and Pensions Committee launched an inquiry on Wednesday focused on the risk of savers being scammed after the introduction of pension freedoms.
International life companies could do more to protect their legacy business through actively engaging with these clients, says Philip Penrose, director and head of UK and international sales for Coram Asset Management.
Indonesia’s mammoth $368bn tax haul has been followed by new regulations aimed at tracing and taxing money that was not declared during the nine-month amnesty that ended in March.
Edinburgh-headquartered private bank Hampden & Co has started lending to self-invested personal pension schemes (Sipps) as part of its offering to advisers.
Insurance companies in Malaysia are looking to sell just under a third of their local businesses to comply with a 70% cap on foreign ownership.
The UK taxman raked in 21% more cash from accelerated payment notices (APNs) in 2016/17, netting HM Revenue & Customs £1.3bn ($1.76bn, €1.47bn) from individuals and small businesses.
As the headlines focus on the twists and turns of the Brexit talks, is there reason to be cheerful about offshore bond sales into the UK, and could there even be a renaissance for this long-standing HM Revenue & Customs-approved tax wrapper?
Advisers and client will be able to choose passive, ethical and Sharia investments and include Vanguard funds in their Sipp after Momentum Pensions expanded its offering.
Online-only insurer ZhongAn Online Property and Casualty Insurance is planning to offer life insurance and healthcare products to accelerate growth after going public in Hong Kong.
Expat pensions transferred to Portugal could take a 10% hit under plans being considered by the country’s government.
