UK non-dom tax take of £6.6bn ‘under threat’
UK-based non-doms paid £6.6bn in income tax in 2013/14, up 7% from the previous year, according to international law firm Pinsent Masons.
Regions
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Business strategies: The future of advice
The launch of a new UK trade and its stated aims and concerns, gives IFAs a chance to shout louder for the balance between the industry and the regulator to be redressed.
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Cyprus could grant title deeds to overseas property investors
Thousands of Britons who invested in property in Cyprus could finally be granted full ownership of their homes if the Cyprus Parliament pushes through a bill on 3 September.
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Market volatility leaves Prudential’s PruFund growth rates unmoved
British insurer Prudential said the latest bout of market volatility, which saw record gyrations in world stock and commodity markets, won’t affect the growth rates over the next three months on its popular smoothed investment fund range, known as PruFunds.
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MAS proposes tougher market enforcement regime
The Monetary Authority of Singapore has proposed new rules designed to toughen up its enforcement regime in order to deter market misconduct.
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Lion Global and OCBC Bank unveil Asia private equity fund
Singapore-based fund house Lion Global Investors has worked alongside OCBC Bank to build a private equity fund which invests in small and medium-sized companies in Singapore, Malaysia, Indonesia and China.
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ESCA’s risk management chief Lemand resigns
Ryan Lemand, the senior economic adviser and head of risk management for the Emirates Securities & Commodities Authority (ESCA), has resigned, according to sources in Dubai and Abu Dhabi.
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EIS ‘set to benefit’ from UK pension reforms
Enterprise investment schemes are set to benefit from the UK Government’s pension reforms as savers look for less mainstream ways to grow their assets, according to the chief executive of AppBox Media, Polat Hassan.
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DeVere UK reports sharp rise in revenues
Independent financial advisory group, deVere United Kingdom, has reported a 51% rise in revenues for the year to 31 July, compared with the same period of 2014.
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Jersey funds using private placement under AIFMD jump 10%
The number of Jersey funds being given access to Europe through private placement regimes under the EU Alternative Investment Fund Managers Directive (AIFMD) has risen by 10% in six months, figures from the Jersey Financial Services Commission reveal.
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Industry to bounce back as HK settles to ILAS changes, says FPI
Demand for investment-linked assurance schemes in Hong Kong dived following January’s ban on indemnity commission, but FPI’s James Tan is confident the industry will move in a positive direction once all players are settled into the changes.
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Stock pickers find China bargains in the mess
The ongoing volatility in Chinese shares, triggered by concern over the country’s growth prospects, has reduced valuations to a point that is creating opportunities for stock pickers, according to some fund managers.