The latest official UK GDP figures showed 0.4% growth in the first quarter of 2016 in line with forecasts, and down from 0.6% the previous quarter. The slowdown in the UK economy for the first three months of 2016 period is in line with expert expectations, and means the year-on-year rate of progress remain at 2.1%.
The traditional way of composing strategic asset allocation has changed, according to Keith Swabey, senior product specialist of multi-asset at HSBC Asset Management. With the crashes of 2008, 2011 and 2013 in mind, this could be named the “decade of intermittent crashes,” according to Swabey. “After the 2008-2009 crisis the ability to make asset allocation
The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.There were 154,189 high-net worth individuals (HNWIs) in Singapore in 2014 holding $806.3bn (£530.5bn, €756.1bn) in wealth, according to a report from WealthInsight. This compares with 193,553 HNWIs in Hong Kong, collectively holding $1.1trn in
Life companies in South Africa could “run into trouble” if they do not start working on changes to their businesses soon, said a senior figure for Old Mutual, ahead of the country’s imminent Retail Distribution Review. The reforms will replace commission payments with fees for advice, similar to legislation introduced under the RDR in the
In a consultation paper released on Wednesday, the Treasury said it wanted to continue offering protection from British taxes for individuals who set up an offshore trust before they were granted UK-domicile status. [Source: International Adviser – October 2015 – By Katherine Denham] Read entire article >>
