Global tax transparency - how are we impacted in Asia?
This time last year, many people within the wealth management industry were sceptical about the global adoption of tax transparency. However, 2013 has seen a number of developments that have changed their thinking, says Amicorp Group's Peter Golovsky, managing director and global head of private clients, and Eric Boes, international tax specialist.
Rethinking how to protect confidentiality and privacy
The international push for transparency means that the concepts of confidentiality and privacy are fast disappearing. But this raises questions about whether individuals' data is going to be secure, according to Sean Coughlan, managing director, and Karen O'Hanlon, director of client services at Asiaciti Trust Singapore.
UK watchdog finds some firms undermining RDR objectives
An investigation by the UK's Financial Conduct Authority (FCA) has revealed that some firms continue to be influenced by inducements from product providers, despite the Retail Distribution Review (RDR) which came into effect in January 2013.
Australian advisory reforms go live with grandfathering regulations
New regulations governing financial advice in Australia came into force on 1 July 2013 - and while the provisions include a ban on conflicted remuneration, there are exceptions, or "grandfathering", in certain cases.
New transparency initiative around ILAS products in Hong Kong
As of the end of June, banks in Hong Kong will be required to make use of a standardised Important Facts Statement (IFS) when selling investment-linked assurance scheme (ILAS) products.
More coherent reporting needed in Asia, says CFA Institute
A new study by the CFA Institute has highlighted the need for more coherent standards in fund performance reporting.
US tax watchdog restarts offshore voluntary disclosure
Following strong interest from taxpayers and tax practitioners after the closure of its 2011 and 2009 programmes, the US Internal Revenue Service has reopened the Offshore Voluntary Disclosure Program to help people with offshore accounts get current with their taxes.
Why the ETF market needs regulatory reform
Nick Good of BlackRock discusses the key regulatory reforms needed in the ETF market to enhance disclosure and transparency in a bid to improve investor understanding and the overall market landscape.
India to launch new disclosure scheme for overseas assets
To retrieve undisclosed assets held in overseas tax havens, the Indian government is working out the details of a voluntary income disclosure scheme, according to local news reports.
SFC to review key facts statements
The Securities and Futures Commission plans to conduct a review of key facts statements (KFS) issued by mutual funds and unit trusts which are marketed to the public.
SGX enhances disclosure for key products
Singapore Exchange is introducing new product disclosure templates to enhance the readability of term sheets for structured warrants, debentures and funds.
Understanding tax issues between Hong Kong and the UK
Brendan Harper of Friends Provident International explains recent developments in tax agreements between Hong Kong and the UK, and looks at the implications for individuals.
Global trends in tax information exchange
Brendan Harper of Friends Provident International looks at developments in tax transparency and information exchange agreements globally, including what this means for individuals.
Being ready for tax crackdowns in Asia
Marcus Leese of Ogier explains how financial institutions in Asia can deal with the increasing scrutiny they will face on tax non-compliance of their clients as the focus of regulators’ attention shifts East.
How to avoid the spotlight of tax non-disclosure
Marcus Leese of Ogier discusses how private clients and their advisers should respond to the crackdown on tax avoidance by thorough planning and being compliant.
What the global tax crackdown means in practice
Edmund Leow of Baker & McKenzie.Wong & Leow explains some of the main implications of recent moves towards governments sharing more tax information about wealthy individuals.
High yield bonds in investment portfolios
In the final part of this product briefing, several market practitioners discuss the value and role of high yield bonds in investment portfolios – and explain the various issues and considerations for investors and advisers to ensure they make appropriate buying decisions.
Behind the scenes of high yield bond deals
In Part 2 of this three-part product briefing, several market practitioners explain the steps and players involved in the process of structuring and pricing high yield bond deals, and also look at the components of successful deals as well as what to watch out for.