Just Service Group partners with Montpelier China
Fintech firm Just Service Group has inked a partnership deal with advisory firm OFS Asia, better known as Montpelier China, which it describes as one of Asia’s oldest established IFA businesses.
Regions
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Globaleye poaches UAE wealth management director from deVere
A former deVere Group area manager has been named director of wealth management services for Globaleye in the UAE.
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Hong Kong regulator restricts use of ‘independent’
Hong Kong will introduce a code of conduct that will restrict asset management intermediaries from being able to use the term “independent” if they receive benefits from other parties.
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Financial adviser’s killer ordered to pay £1
A killer who abducted, tortured and murdered a financial adviser has been ordered to pay the Crown £1 ($1.32, €1.12).
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Mauritius acquisition boosts Sanlam’s pan-Africa strategy
South African financial services group Sanlam is focusing on Mauritius offshore services as part of its pan-African growth strategy.
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DeVere CEO demands FATCA repeal as Americans hand back passports
Donald Trump’s administration must scrap the Foreign Account Tax Compliance Act (Fatca), deVere Group chief executive Nigel Green has said, as record numbers of Americans renounce their US citizenship.
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Will Europe’s most popular fund continue to steal the show?
This year alone, the Pimco Income fund has attracted more than €28bn in net new money from European investors, according to Morningstar data. This is almost half of all net inflows into unconstrained bond funds this year, and has made the $64.3bn (€54.6bn) strategy the world’s largest actively managed fund. There are few, if any…
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Hong Kong advisers says no to fee-based model
A majority of the industry responding to the SFC’s proposal on “enhancing industry regulation” were against introducing the fee-based model in Hong Kong.
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UK offshore tax evaders face 200% penalties
Offshore tax evaders face “much higher” penalties for non-compliance under new Right To Correct (RTC) rules revealed by HM Revenue & Customs.
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The plus and minus of China’s new foreign ownership rules
China recently announced it would ease foreign ownership limits for fund management firms, but huge challenges await foreign players that want to enter China’s retail investor market, industry sources said.
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Regulator gives STM more time ahead of failings probe
The Gibraltar Financial Services Commission has agreed to stand inspectors down ahead of a new court date.
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UK’s worst manager shuts up shop
Jayesh Manek will be shutting his flagship growth fund after 20 years, following years of being one of the UK’s worst performing managers.