United Kingdom | 14 Jul 16
ANALYSIS: A Bank of England U–turn?
The Bank of England has chosen to keep its powder dry by backing off from the interest rate cut that had been hinted at, but is this a U-turn or just minor detour?
Alternatives | 14 Jul 16
Luxembourg’s new alternative investment fund vehicle approved
Luxembourg’s reserved alternative investment fund (Raif) has been approved by the duchy’s parliament and will come into force three days after publication in Luxembourg’s official gazette.
People Moves | 14 Jul 16
PEOPLE MOVES: UK government, Zurich, Deutsche Bank
On her second day as UK prime minister, Theresa May has cleaned house and named her new cabinet. Zurich International Life has appointed a new chief operations officer, while Deutsche Bank has provisionally appointed a chief executive for Asia Pacific.
Old Mutual launches expat referral service for tax advice
Old Mutual International has launched a new expat referral service in partnership with tax experts Ernst & Young (EY).
Macro Views | 14 Jul 16
BoE keeps rates on hold; is QE on the cards?
The Bank of England’s monetary policy committee (MPC) has surprised commentators by voting 8-1 to keep interest rates on hold at 0.5%.