St James’s Place expands in Singapore
St James’s Place (SJP) Wealth Management Asia has moved to larger premises in Singapore to develop a stronger presence in the local market and build on its expat-focused business.
News
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FCA backs all-in fee in scathing report on UK funds industry
The Financial Conduct Authority has confirmed plans to crackdown on excessive fund charges in a damning final report on the UK’s £7trn asset management industry, and outlined plans to investigate the investment platform industry.
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Life insurance in Thailand set for record growth
Life insurance in Thailand is set to grow at a rapid rate of 10% a year over the next decade driven by an ageing population, according to Allianz.
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Supermodel Kerr hands over $8m in jewellery linked to 1MDB
Australian supermodel Miranda Kerr has handed over $8.1m (£6.4m, €7.2m) worth of jewellery to US authorities that she allegedly received from former boyfriend Jho Low, a person of interest in the 1MDB scandal.
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£500m divorce market an ‘untapped’ opportunity for UK advisers
People going through divorce and separation are “crying out” for specialist financial advisers, according to a new report by the UK’s Personal Finance Society (PFS).
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PEOPLE MOVES: JP Morgan AM, Prudential, Mirae Asset
Stephanie Flanders is to leave JP Morgan Asset Management, while Prudential has named a financial planning and strategy director for its advisory firm. Mirae Asset Global Investments has a new head of Nordic sales.
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HMRC targets trusts used for tax planning with new register
HM Revenue & Customs has kickstarted a new beneficial ownership register targeting those who set up trusts to “generate tax consequences” in guidelines published on Tuesday.
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British expats blast UK’s ‘lacklustre’ offer on Brexit rights
UK citizens living in Europe have condemned the British government’s decision not to guarantee the rights of EU citizens living in the UK, despite plans to maintain reciprocal healthcare rights and the ‘triple lock’ on pensions.
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UK expats in EU offered pension ‘triple-lock’ and healthcare
The British government has announced it will maintain reciprocal healthcare rights and the ‘triple lock’ on pensions for the 1.2 million UK citizens currently living in the EU.
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Why the Bank of England is the ‘real’ public enemy number one
The Bank of England is the real reason behind the UK’s rising inequality and soaring asset prices but has been “skulking away invisibly” in the background, according to Tim Price of Price Value Partners.
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M&G shifts four UK funds to Luxembourg over Brexit fears
UK asset manager M&G Investments is transferring four domestic open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.
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Schroders launches US focused wealth management company
Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.