Asian price-to-book ratios look compelling – BlackRock
The price-to-book ratio of companies in Asia excluding Japan and the region’s 40-year market history are combining to indicate now is the right time to invest there, according to BlackRock’s Andrew Swan.
Tax & Regulation | 13 Apr 16
Bespoke Sipp providers may ‘flounder’ in FCA cap ad changes
A number of British firms offering bespoke self-invested personal pensions (Sipps) could go out of business when the Financial Conduct Authority’s (FCA) new capital adequacy requirements come into force in September, according to James Hay, one of the UK’s largest Sipps providers.
Tax & Regulation | 13 Apr 16
Jersey defends secrecy of beneficial ownership register
Jersey Finance, which represents the finance industry, has come out fighting against calls for the island’s register of who owns which companies to be made public in the wake of the Panama Papers leak.
Axa Wealth on the market again
Axa’s UK life insurance and wealth investment units are reportedly up for sale, in a move that could see the French insurance giant net up to £700m ($997.8m, €875m).
Latin America | 13 Apr 16
Panama organised crime unit raids Mossack Fonseca HQ
The headquarters of Mossack Fonseca, the law firm at the centre of the biggest financial data leak in history, were raided by police in Panama on Tuesday, the attorney general’s office has revealed.