Some fund managers are passing up European investment opportunities in a bid to steer clear of the compliance demands required to meet the Alternative Investment Fund Managers Directive (AIFMD), according to a panel of tax experts at the recent Guernsey Funds Forum.
Adaptation to the RDR is having a discernible impact on profitability in the adviser community, with almost two-thirds of businesses saying they are more profitable than in 2013.
Despite announcing plans to dip its toes into the non-advised space, shares in Hargreaves Lansdown fell around 3% on Wednesday, largely in response to it highlighting the significant increase in its Financial Services Contribution Scheme levy payment.
A financial adviser currently employed by Holborn Assets in the UAE has been fined and banned in the UK after the Financial Conduct Authority found him guilty of knowingly recommending inappropriate, high risk products to retail clients.
The Association of Professional Financial Advisers (APFA) has called for a freeze in the Financial Conduct Authority’s (FCA) budget for the next two years to give its members a break from having to meet its steadily rising fees.
Shell company Devere Group Hong Kong Ltd, which is no longer owned by the deVere Group, having been sold last year, has had its licence suspended by the Hong Kong insurance regulator.
Governments and tax partners need to work to ensure confidentiality is protected when new international tax transparency rules come into force in 2017, according to OECD director, Pascal Saint-Amans.
A new trade association representing UK financial advisers has been launched to give the industry a louder voice in discussions with government and regulators.
The head of Australia’s main financial services regulator Greg Medcraft has called for more white collar criminals to be jailed and said he has built up a $40 million fund to prosecute people suspected of financial misconduct.
The Conservative Party’s surprise majority victory in the UK General Election will allow the new government to press ahead with its promise to make greater efforts to counter tax avoidance and evasion. Here are 10 points that highlight what this means for those claiming non-domicile tax status.
Changing legislation and rising charges will mean that non-doms cannot rest on their laurels following the election of a majority Conservative government in the UK general election last week, warns law firm Stephenson Harwood.
Financial advisers in Malaysia should not wait for regulators to replace commissions with fees for service, but follow the global trend favouring such arrangements, according to panellists at s recent Expert Investment Forum in Kuala Lumpur.
