DeVere USA has agreed to pay an $8m civil penalty stemming from its failure to disclose upfront commission of 7% to clients who were encouraged to transfer their UK pensions via a Qrops, the US regulator has announced.
If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.
Europe’s largest asset manager Amundi has launched a Ucits ETF designed to provide diversified US corporate bond exposure while applying environmental, social and governance (ESG) selection filters.
European IFA firm Blacktower Group has launched two separately regulated companies – its first US business and a second operation in Germany.
The US Securities and Exchange Commission has launched an online search tool to help investors avoid financial fraud and make informed investment decisions.
UK advisers turned to US funds in April as corporates got to work spending the savings from president Donald Trump’s tax reform.
Long term investors should seek out some often over-looked sectors to boost portfolio diversification, according to Morningstar Investment Management. Click through the slides below to find out which five areas it has identified as hidden investment opportunities.
A US judge showed leniency in the tax evasion trial of rapper DMX after listening to one of his hit tracks about his difficult childhood.
A “fast-tracked” OECD review could decide if the European Union adds the United States to its blacklist for non-cooperative tax jurisdictions, according to media reports.
Investors must look beyond high valuations in the US market and search for opportunities at the sector, size and style level, according to Morningstar UK chief investment officer Dan Kemp.
The real estate asset management arm of Hong Kong-listed China Everbright has acquired Texas-based, real estate investment specialist Arrow.
Swiss banking giant Credit Suisse is being investigated for its hiring practices in the Asia Pacific region.
