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Africa | News 21 May 18

Carrick Wealth names Botswana head

Financial adviser firm Carrick Wealth has appointed one of its own to lead its Botswana operation, with a remit to ensure the firm maintains and grows its strong presence in the nation.

Companies | News 21 May 18

Two Malta trust directors banned for a year

Two directors of Malta trust company Confiance have been banned from financial services for multiple failings.

Best Practice | News 21 May 18

FCA warns firms of robo-advice failings

Firms offering robo-advice have been accused by the UK’s Financial Conduct Authority (FCA) of using unclear charging structures and failing to protect vulnerable clients.

People Moves | News 21 May 18

Strabens Hall names CEO to spur adviser growth in UK and Asia

London and Hong Kong based financial planner firm Strabens Hall has named Adam Benskin as chief executive in a raft of senior management changes aimed at growing its £1bn (€1.14bn, $1.34bn) in assets under influence and profile of its holistic financial planning service.

Europe | 21 May 18

Russian dirty money entering UK through BOTs, report says

Money laundering is a matter of national security for the UK, and it therefore has the constitutional right to make British Overseas Territories (BOTs) introduce public registers of beneficial ownership, according to a select committee report.

News 21 May 18

Old Mutual sees 25% growth in DB pension transfers by 2028

Old Mutual Wealth is predicting defined benefit pension transfers will accelerate, with an estimated 25 to 30% of those eligible switching out of their schemes in the next 10 years.

Companies | 21 May 18

Royal London offering ‘substantial’ cash for annuity guarantees

Royal London is worried pension holders are “throwing away” their guaranteed annuity rate (GAR) under the new pension freedoms and it wants to offer them cash for the promised return.

News 18 May 18

PEOPLE MOVES: Woodbrook, AMP, Arlo Associates

Woodbrook Group hires an industry veteran to manage its Spain operations, AMP’s chief risk officer for its advice division resigns and Arlo Associates appoints a tech entrepreneur to chair its board.

Europe | 18 May 18

Denmark targets Airbnb tax evaders

Sharing economy pioneer Airbnb will automatically report any income earned by homeowners in Denmark to the Danish tax authority in a bid to help it clamp down on tax evasion.

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