North America | 30 Jan 17
Canadian reporting under Fatca doubled in 2016
Details of bank accounts belonging to more than 315,000 Canadian residents were shared with the US Internal Revenue Service (IRS) in 2016 under the Fatca agreement, more the double the previous year.
Best Practice | 30 Jan 17
Cold calling continues to rise despite proposed ban
In spite of warnings from government and the pensions industry, 7% of UK adults said they had released some or all of their pension savings as cash after being cold contacted, research from Phoenix Group has found.
Spain retains wealth tax quashing hopes of ‘promised abolition’
Spain has confirmed there will be no changes to income or wealth taxes in 2017, despite political instability in recent months giving hope that a controversial wealth tax would finally be lifted.
Europe’s ETF market hits record but sales growth slows
The European ETF market hit a new record in terms of total funds under management last year though the flow of money in the asset class slowed from the record levels of 2015, according to new data from Thomson Reuters Lipper.
Alternatives | 30 Jan 17
FundRock targets European growth with Dublin office
FundRock Management Company has opened an office in Dublin, as part of wider the firm’s European expansion plans and to capture growing demand arising from the Brexit vote.