Woodford backs two more banks
Neil Woodford has added to his position in UK banks, with both Barclays and RBS appearing in his portfolios he revealed on Thursday.
Regions
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Six jailed for 45 years for eco investment scam
Six members of a crime group have been jailed for a total of 45 years for devising a fake eco-investment scheme as a tax break for wealthy investors, often using the law firm at the heart of the Panama Papers.
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Ex deVere duo to head Guardian’s new Swiss office
Guardian Wealth Management has opened an office in Basel, Switzerland and poached a duo from deVere to run it.
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Paradise Papers: expect regulation despite little wrongdoing
While the Paradise Papers reveal little in the way of wrongdoing, they will likely stoke political appetites for increasing regulatory scrutiny of the wealth management industry, says an analyst from research firm GlobalData.
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Guernsey fiduciary strikes UAE strategic partnership
Louvre Group has formed a strategic alliance with M/HQ Dubai to enhance its specialist fiduciary services offering from the United Arab Emirates.
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PEOPLE MOVES: Rothschild, Moore Stephens, Fidelity Int’l
A BlackRock alum has joined Edmond de Rothschild Asset Management as global head of business development. Accountancy network Moore Stephens has launched a US tax offering in London and appointed a triple qualified tax specialist to head it up. Fidelity International has lost a 13-year veteran.
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Lombard Int’l buys HSBC Life Assurance portfolio for €1
HSBC Life Assurance (Malta) has entered into a portfolio transfer agreement with Lombard International Assurance to sell part of one of its insurance portfolios for €1 (£0.89, $1.16).
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UK Gov’t outlines cold calling ban timeline
The UK Government is committed to banning pension cold calling and will bring forward draft legislation for scrutiny to ban the practice in early 2018, a member of parliament (MP) has confirmed.
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Investec Life launches in South Africa
Investec has added life insurance to its banking and investment services offering in South Africa.
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FCA orders £66m refund for collapsed Connaught investors
The UK financial watchdog has publicly censured Capita Financial Managers (CFM) and ordered it to pay up to £66m ($86.6m, €74.6m) to investors who suffered losses from investing in the firm’s now-liquidated Connaught Income Fund, Series 1.
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‘Greying Singapore’ embracing life insurance
Singapore’s life insurers have reported a strong 2017 sales with three-quarters of Singaporeans now covered.
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Coram reveals rebrand and MPS launch
Coram Asset Management taken on a new name, MitonOptimal (UK), and announced the launch of a model portfolio service following its acquisition of Minerva Fund Managers earlier this year.