Dubai adviser facing court date
Dubai adviser Neil Grant, who was convicted of operating without a licence, is to be pursued in the UAE’s civil courts.
Regions
-
-
FCA keeps ‘unsuitable’ DB transfer assumption
The Financial Conduct Authority (FCA) has backtracked on a proposal to change its position that an adviser should assume that a Defined Benefit (DB) pension transfer is “unsuitable” for a client.
-
Miton Optimal to offer DFM services in Singapore
Cape Town-based Miton Optimal, a discretionary fund management specialist firm, has received a full capital markets licence from the Monetary Authority of Singapore.
-
PEOPLE MOVES: WHIreland Int’l Wealth, AIA and HANetf
WHIreland hires a PWC partner as non-executive chairman, AIA Singapore announces its next chief technology adviser while HANetf appoints a former Blackfriars employee as director of operations.
-
Contractor pay needs rethink – tax expert
A tax expert has called for UK legislation which has triggered a freelance pay scandal at the BBC, to be overhauled.
-
Offshore ‘Crook’s Bank’ developer facing £1m fine
A money launderer who developed an online service for criminals using bank accounts in Portugal, the Cape Verde Islands, Jersey, Cyprus, and Switzerland has been ordered to pay £1m.
-
France increases tax breaks for Brexit talent
France has increased its bid to attract business amid the uncertainty of Brexit, using a little known rule allowing employees moving to France to enjoy income tax exemption for a total of eight years.
-
EU announces first blacklist sanctions
The EU Commission has sent a “wake-up call” to those on its blacklist for non-cooperative tax jurisdictions, announcing its first sanctions to counter their “aggressive tax practices”.
-
UK and Aussie regulators ink enhanced fintech agreement
The Financial Conduct Authority and the Australian Securities and Investments Commission have signed an enhanced fintech cooperation agreement.
-
Woodford defends fund dumped from income sector
Neil Woodford has defended his UK Equity Income fund’s strategy, saying it remains in the best interests of investors despite being kicked out of the Investment Association’s UK Equity Income sector.
-
Dismay at South Africa’s 17% adviser exam pass rate
Only 17% of South Africa’s financial planning students managed to pass the Financial Planning Institute’s (FPI) professional competency examination (PCE) in February, a figure that has caused shock for universities and students throughout the country.
-
Italy unveils attractive tax regime for global wealthy
The land of ‘la dolce vita’ has unveiled an attractive tax proposition for high net worths looking to settle in Italy.