DeVere Group
DeVere Group to launch Mauritius investment bank
DeVere Group is to launch an investment bank on the offshore jurisdiction of Mauritius.
Retirement | 28 Feb 17
DeVere probe ushers in ‘new era of regulatory oversight’
The Financial Conduct Authority’s (FCA) investigation into deVere UK, launched after the regulator banned the firm from writing pension transfer reports, is “just the beginning”, according to Geraint Davies, managing director of Montfort International, with other firms also likely to be caught out.
Ombudsman orders deVere UK to compensate client
The UK’s financial ombudsman has upheld a complaint against deVere and Partners (UK), in part, after a client accused the international advice firm of “passing the buck”, not providing sufficient advice and making poor investment choices.
North America | 9 Feb 17
US threatens to revoke passports for unpaid taxes
US citizens with federal tax debt of more than $50,000 (£39,973, €46,830) may have their passports revoked by the State Department, a move that could have a greater impact on Americans living overseas.
DeVere Acuma admits not disclosing commission in S Africa
South African advisory firm deVere Acuma has confirmed that it did not disclose commission charges of nearly £65,000 ($81,114, €75,198) taken from a client’s portfolio over four years, reports local news feed Moneyweb.