switzerlands julius baer confirms another theft
Julius Baer, the Zurich-based wealth management group that is to buy Bank of America Merrill Lynchs overseas wealth management business, has confirmed that it has suffered another theft of data involving clients who may have sought to avoid German taxes.
hk regulator in legal action against big fours
Hong Kongs Securities & Futures Commission has taken legal action against the Hong Kong arm of UK-based Big Four accounting firm Ernst & Young, for failing to produce key accounting records of a mainland company that had sought a stock market listing in Hong Kong three years ago.
ucits funds 33bn of outflows in June
According to the latest figures from EFAMA, Ucits funds experienced huge outflows in June while non-Ucits propositions saw sizeable inflows.
fecif fights commission ban
A group representing financial advisers across Europe is petitioning the European government not to introduce a ban on commission payments, a move it says will damage small business and hurt investors.
Tax & Technical | 24 Aug 12
crystallising your retirement
In light of recent controversies over tax-avoidance schemes, it can be easy to urge caution when approaching offshore bonds. However, says Friends Providents Brendan Harper, these can still provide legitimate opportunities in the crystallisation process of future retirement planning structures