UK ruling overturns HMRC fine over trustee’s failure to notify
Taxman demanded over £300,000 to cover nearly 20 years of missed payments
Asia
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PEOPLE MOVES: Aviva, Savills IM, Janus Henderson
Insurer makes C-suite changes and real estate investment firm hires Singapore-based CEO
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Swiss wealth firm unveils Thailand joint venture
The newly-created business has hired over 50 relationship managers, investment specialists and support staff
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Singapore life insurer rolls out HNW life plan
The firm said it ‘offers liquidity in the estate when it is most needed’
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Fidelity subsidiary invests $4.5m in Indian wealth tech
The investment will help bolster the platform’s offering for clients in the south Asian country
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PEOPLE MOVES: FSCS, Blackrock, Stonehage Fleming
Changes at the top for UK compensation scheme, while BlackRock eyes Asian expansion
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Citigroup to shell out over A$3m for bad advice
Structured products resulted in losses for 114 retail customers – with over 1,000 still trapped
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Royal Commission sparks Aussie wealth manager lawsuit
Law firm said ‘management must have known that its conduct was risky legally and reputationally’
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Chinese healthcare app hits 50m users in under six months
Alibaba-backed blockchain technology targeting 300 million in the next two years
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PEOPLE MOVES: DeVere Group, HSBC, Deutsche Bank WM
Global financial adviser firm makes two hires and German bank appoints Gulf head of wealth management
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Singaporeans under 30 hungry for insurance
Despite not knowing a lot about it
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Fine wine ‘safer’ option among alternative investments
It has outperformed hedge funds, real estate, commodities and fine art