Managers of Wealth

FCA publishes details of common application shortcomings for prospective asset managers

The FCA identified a number of common errors that applicants should avoid when applying for authorisation for asset management activities.

Labuan IBFC Inc. and RAM jointly host event on Labuan captive solutions for self-insurance

This collaboration arises from RAM’s LECA rating service for credit and performance evaluation of Labuan IBFC licensees

Rules of conduct under FinSA: FINMA launches consultation on new circular

The Financial Services Act (FinSA) has been in force since the beginning of 2020.

New Finma director pours fuel on the UBS fire in his first speech

It made sense that Stefan Walter made his first industry appearance before the small bank symposium.

MAS fines wealth firm Swiss-Asia for AML breaches

The wealth firm was slapped with a S$2.5m fine for various AML breaches during a four-year period.

AFH sues ex-adviser for £1.6m in restricted covenant breach claim

The wealth firm alleges that ex-adviser Samantha Baker broke a restricted covenant to take 121 clients with her to Regentia Lifestyle Planning.

Crypto regulation in the UK: what are stablecoins?

The rationale behind the legislative approach was, along with other jurisdictions, to bring cryptoassets into the same regulatory perimeter as other asset classes.

Insurance intermediaries: mandatory follow-up documentation to be submitted to FINMA by the end of June 2024

Insurance intermediaries who submit their follow-up documentation by then may continue to operate as insurance intermediaries until FINMA decides whether they meet the registration requirements.

Ireland’s super rich have ‘duty’ to pay more tax, says Oxfam Ireland CEO amid calls for wealth tax

In a turn for the books, a growing number of the world’s super rich are demanding their respective governments make them pay more tax.

Pollen Street Capital acquisition of Mattioli Woods approved by over 95% of shareholders

The acquisition of Mattioli Woods by Pollen Street Capital was approved by over 95% of shareholders who voted.

Billionaires should pay 2% wealth tax, say G20 ministers

Ministers from Brazil, Germany, South Africa and Spain say the levy would boost social justice and fight climate change

Andy Cole and other ex-footballers join scam victims in HMRC campaign

Campaigners call for an end to the taxman’s perceived harsh tax collection tactics as victims of financial misconduct recount sleepless nights waiting for tax bills.

Second Cazenove director exits for wealth boutique

Rob Hodgson has joined Vermeer Partners as a financial planning director, working alongside managing director and former Cazenove colleague Chris Hogarth.

Independent audit confirms that the loans are granted correctly

The audit report confirms the regularity of the lending and classifies the bank's credit policy as conservative

Ex-Man Utd footballer sues his former SJP adviser over £750k unclear fees

Chris Smalling is suing Klipp Wealth Management, a representative of SJP, for £750,000, alleging it failed to accurately disclose fees.

Morgan Stanley Dives As Regulators Open Wealth Arm Probes

The regulators are investigating whether Morgan Stanley has properly investigated potential clients and their sources of wealth, as well as how it monitors their financial activity.

Woodford points finger at Link and FCA as watchdog proposes action

Regulator claims fund manager Neil Woodford had a defective and unreasonably narrow understanding of his responsibilities.

UBS Tries to Reverse CS Judgement in Singapore

A court in the city-state is currently wrestling with the hundreds of millions of dollars in client damages.

Using bond ladders to manage liquidity

Bond ladders can be a useful tool to help investors balance their liquidity needs with stable income generation.

UBS has considered an alternative for CS business in China

The major Swiss bank could sell its majority stake in the Credit Suisse (CS) securities trading joint venture in the People's Republic directly to a local government fund.

Legal,Regulation,Tax & Compliance