News
Best Practice | news 31 Oct 16
Pound volatility sees UK pension holders seeking more advice
The volatility of the pound has seen a significant uptick in people seeking advice on moving British pensions abroad, which could see hundreds of millions of pounds driven overseas, says deVere Group chief executive Nigel Green.
Best Practice | news 31 Oct 16
US releases first set of guidelines for adviser reforms
The US Department of Labor has issued its first set of guidelines on the fiduciary rule, set to go live in April, which will require specialist retirement advisers to put their client’s interests first.
Mauritius suspends Belvedere unit’s fund management licence
Belvedere Fund Manager Ltd, part of the troubled Mauritius-based fund house Belvedere Management Group (Belvedere), has had its licence to operate collective investment schemes (CIS) suspended by the Indian Ocean island nation.
Ex-BSI wealth planner’s 1MBD trial starts in Singapore
A former BSI Bank wealth planner went on trial in Singapore on Monday for attempting to pervert the course of justice as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.
Best Practice | news 31 Oct 16
Investment body calls for greater focus on client outcomes
A new research paper is calling on the investment industry to shift from a performance-driven culture to one that is purpose-driven, to ensure better alignment of its interests with those of clients.