All articles by Verdict Staff
Verdict Staff
IRS commissioner fired by Obama over ‘inexcusable’ tax scandal
The acting commissioner of Internal Revenue Service (IRS), Steven Miller, who is also the most senior tax official in the US, has been fired by Barack Obama over the firm’s special scrutiny of conservative groups, which the President described as “inexcusable”.
Cofunds marketing director departs
Verona Smith, Cofunds director of marketing is the latest senior member to exit the platform, following Legal and General’s acquisition of the firm.
CFTC sets final rules for swaps trading
US derivatives regulator, the Commodity Futures Trading Commission (CFTC), has set out final rules for swaps trading that could “break open” Wall Street’s dominance of the US$630 trillion market.
Men more likely than women to obtain wealth management products via financial planners or accountants: Roy Morgan
Among Australians who have a wealth management product – including managed investments and superannuation – less than one fifth (17.7%) have obtained it from a financial planner, advisor or accountant, according to latest findings from the Roy Morgan Research Finance Single Source survey.
BLME to open new office in Dubai
Bank of London and the Middle East (BLME) has planned to open a new office in Dubai, as its assets grow and the emirate tries to turn itself into a global hub for Islamic finance.
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IFSB to issue liquidity guidance note for Islamic banks
Malaysia-based Islamic Financial Services Board (IFSB) is preparing a guidance note for Islamic banks on the adoption of liquidity standards, according to Reuters.
New French tax confusing for advisers and QROPS admin
A new French law, which requires pension fund trustees to report to Frances tax authority on UK personal pensions that have French tax-resident beneficiaries, is, reportedly, creating confusion among financial advisers and pension fund administrators.
The Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% in April
The Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% for the month of April.
Fund managers struggle to realize investments made in buyout boom: Preqin
The average holding period for private equity-backed portfolio companies has increased year on year between 2008 and 2012, which has impacted the amount of capital distributed back to investors, according to a recent Preqin report.
Global investor confidence on the rise: Schroders survey
More than 80% of investors around the world, polled by Schroders, plan to increase or invest the same amount they do over the next 12 months.