All articles by Verdict Staff
Verdict Staff
Switzerland gives banks green light to settle US tax evasion cases
The Swiss government has agreed to create a legal basis that will enable its banks to settle investigations by US authorities into their role in assisting wealthy Americans in evading taxes, which may require lenders to pay up to billions of dollars in fines to the US authorities.
BlackRock appoints for UK equity team from UBS
BlackRock has appointed Daniel Whitestone as a director of UK small and mid cap equities team.
Efficient data management key to FATCA compliance: Hitec Laboratories
Data management can present serious risks to FATCA compliance such as inaccuracies, errors susceptibility due to extra time consumption, thus making diligent management of information key for financial institutions, according to Hitec Laboratories.
Morgan Stanley launches health advisory alliance with PinnacleCare Private Health Advisory
Morgan Stanley Wealth Management has launched a health advisory referral arrangement with PinnacleCare, with the aim of expanding the value that financial advisors can offer clients by incorporating access to the management of health issues into wealth planning discussions.
Access Bank UK reports 200% surge in AUM in 2012
Access Bank UK has said that AUM in its private banking and asset management business has increased by over 200% to $18.5 million by the end of 2012. Assets under management now stand at $66 million.
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Complaints to the FOS about IFAs jump up by 45%
UK’s Financial Ombudsman Service (FOS) has revealed that complaints against independent financial advisers (IFAs) have jumped up by 45 % over the last year from, 2,857 to 4,139.
Global institutional investors to increase alternative asset allocations
Institutional investors are most likely to continue increasing allocations to alternative asset classes, especially direct infrastructure, private equity and listed real estate, according to a new survey conducted by AMP Capital Institutional Investor.
Monetary Authority of Singapore opens office in Beijing
The Monetary Authority of Singapore (MAS) has opened its Beijing representative office to strengthen bilateral collaboration between MAS and the Peoples Bank of China (PBC), as well as with other Chinese financial authorities including China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CSRC) and China Insurance Regulatory Commission (CIRC).
Alliance Trust Savings adds 100 clean share classes to offerings
Alliance Trust Savings has added 100 clean share classes to its offerings from providers Axa, Miton, Old Mutual and Seven Investment Management.
Thomas Miller Investment launches low cost model portfolio service range for post-RDR environment
Thomas Miller Investment has launched a new low cost model portfolio service to be offered through financial advisers.