08/12/2022
SJP to compensate wife of partner over 'unsuitable' pension advice
It would not be unreasonable for SJP to assume that its appointed representatives could make informed decisions for themselves.
Legal,Regulation,Tax & Compliance
08/11/2022
Credit Suisse Ramps up Legal Pressure on Softbank
For its part, Softbank attorneys said Credit Suisse's efforts to get information via courts in the US is a «fishing expedition».
08/11/2022
Barings Acquires Australian Property Firm
As of March 31 this year, Barings’ global real estate platform managed a total of $48.9 billion in AUM.
08/11/2022
Finma says a portfolio manager licence approval took 536 days
The average time was 108 days.
08/09/2022
​Swiss attorney general charges former St Gallen Pensionskasse portfolio manager with insider trading
The manager worked for the treasury of the canton of St Gallen from 2003 to 2014, and for the Pensionskasse of the canton from 2014 to 2018, investing pension fund’s assets.
08/08/2022
US Whistleblower Victory Against UBS Overturned
For its part, UBS argued that the plaintiff did not even qualify as a whistle-blower.
08/05/2022
Bank of England shows new focus on inflation
Central bank accelerates rate hikes with 0.5% increase, but dire forecasts signal rates may not go as high as previously feared.
08/02/2022
FINMA extends protective measures at Sberbank (Switzerland) AG
The investigating agent appointed by FINMA will continue to perform their duties.
08/02/2022
Partner Kellyann Ozouf on STEP Awards Panel of Experts
Kellyann joins the STEP Panel of Experts for the fourth year running, this year she is once again sitting on the 'Multi-Family Office Team of the Year' Panel.
08/01/2022
Geneva WM obtains Finma licence
MSM Investment Advisors provides wealth management services to high net worth families.
07/29/2022
PIMFA welcomes extension of the Consumer Duty implementation timeline
Under the FCA’s revised timeline firms will have until 31 July 2023 to implement the Duty for new and existing policies – an extension of three months – and a further 12 months from then – until 31 July 2024 – to implement t
07/29/2022
ASIC suspends AFSL of wealth management firm
The firm’s licence has been suspended for six months.
07/28/2022
New eligibility guidance released for the charity sector and overseas aid organisations
Note that charities have a duty to make a referral to the DBS when it believes a person has caused harm or poses a future risk of harm to vulnerable groups, including children.
07/28/2022
Charity Commission publishes "Public Trust in Charities 2022" report
In less welcome reading, the report refers to “a stubbornly persistent scepticism regarding how charities use their money and how they behave”.
07/28/2022
Burges Salmon named Best HNWI UK Law Firm 2022
At the Fintech Awards 2022, the firm has been named as Best HNWI UK Law Firm
07/27/2022
IMF warns world may soon be 'teetering on the edge of recession'
UK GDP growth in 2023 set for 0.5%
07/26/2022
Central bankers in seven league boots
The currency watchdogs have watched inflation for too long, and this impression is becoming more and more entrenched.
07/25/2022
Frenkel Topping forms Joint Venture with CFG Law
The joint venture sees CFG Law, part of the Client First Group, provide services jointly with Frenkel Topping’s independent financial advice division, under the trading name CFG Financial Services Limited.
07/25/2022
Ogier named Offshore Law Firm of the Year for the second time this month at Chambers HNW Awards
This industry recognition caps a milestone year for Ogier and its Trusts Advisory Group, which provides seamless contentious and non-contentious private client and trusts services to a global client base.
07/22/2022
PIMFA announces shortlist for second Diversity & Inclusion Awards
Launched last year and opening to entries in April, PIMFA’s industry awards demonstrate our continuing commitment to promote diversity and inclusion best practice within the financial services industry.