ima calls for us Treasury to delay fatca
The Investment Management Association has written to the US Treasury asking for a delay to the implementation of its FATCA regualtions.
Regions
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most ifas will not offer self directed service
More than two-thirds of advisers do not expect to offer a self-directed service to clients after the Retail Distribution Review takes effect at the start of 2013, according to a poll of 614 financial intermediaries by one of the largest UK investment platforms.
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us financial planners group says make do better
Building on the existing regulatory infrastructure for overseeing Americas financial advisers would be better than introducing new legislation of the kind introduced this week by House Finance Services Committee chairman Spencer Bachus and Rep Carolyn McCarthy, a group claiming to represent nearly 75,000 US financial planners said.
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us may join uk australia and singapore
US lawmakers have introduced new legislation aimed at boosting the standards of advice on offer from Americas advisory industry, following in the footsteps of the UK, Australia and Singapore.
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omam uk and sig to combine businesses
Old Mutual Asset Managers UK and Skandia Investment Group are to be combined into a single business.
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msci hires um for korea push
Index and portfolio analytics provider MSCI has appointed Tae Jong Um as its head of Korea, responsible for driving the companys development in the country.
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irish fund industry association opens hong kong
The Irish Funds Industry Association is opening a representative office in Hong Kong after announcing plans to expand its presence in the region.
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gulfs asset management industry maturing
The asset management industry in the six Gulf Cooperation Council countries is maturing, in the wake of the recent global financial crisis, a new study says.
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devere looking for 50 uk advisers
The deVere Group, which calls itself the worlds largest independent international financial consultancy, said it is looking to recruit an additional 50 UK-based financial advisers over the next 12 to 18 months, as it expands its UK presence.
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three jailed for part in 4m offshore share scam
Two men and a woman have been jailed for their part in an offshore share scam which saw investors duped out of more than £4m ($6.5m, 4.9m) via two boiler rooms based in Spain and Ireland.
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ireland in talks with us officials over fatca
Irish tax authorities are in discussions with their US counterparts over the possibility of entering into a “model agreement” for implementing Americas Foreign Account Tax Compliance Act.
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invesco and schroders on shortlist to buy ing
UK-based asset management company Invesco is reportedly one of the front runners to buy the Asian asset management division of ING.