Guernsey fund and directors hit with more fines
Following a second investigation into Louvre by the Bailiwick’s financial watchdog
Regions
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Cayman Islands kickstarts bid to be struck off EU blacklist
As Panama president says European bloc should look at the ‘great effort’ the country has made
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Kleinwort Hambros sale pulled
After reports Societe Generale was unable to find a buyer
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Quilter platform tackles wealth transfers with family discount
As it updates its pricing model to ‘save money across generations’
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Vanguard rolls out ‘lowest cost’ Sipp
It’s described as a ‘big challenge’ to Hargreaves Lansdown from a ‘value-for-money perspective’
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Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years
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Goldman Sachs AM launches four retail funds in Singapore
They were previously only available to accredited private banking and institutional investors
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UK banking group opens Singapore wealth centre for HNWs
Office provides solutions to clients outside of their current market of residence
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How will merger of UAE regulators affect advice sector?
Firms ‘would no doubt have to change or replace their current licences which would come at a cost’
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PEOPLE MOVES: Julius Baer International, Arlo Wealth, Intelliflo
Swiss firm names head of UK investment advisory, while asset manager hires private wealth director
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EU blacklist adds Cayman Islands and Panama
While Turkey given extra time to comply with exchange of tax information to avoid being listed
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Hartley Pensions acquires Sipp business of insolvent firm
But customers retain the right to complain to the Financial Services Compensation Scheme