I would say this is a great victory for both global custodians and Japanese subcustodians who worked closely to fend off NTA's demand to disclose ultimate beneficiaries. We both knew that NTA wanted to increase additional tax revenue and not
There was a limited sense of surprise when the National Association of Pension Funds (NAPF)welcomed the report into the future of pension provision in the UK by Alan Pickering. Pickering is, after all, a former chairman of the NAPF. Current
Corporate actions is the hottest topics in securities services today, and Boston based custodian and fund administrator Brown Brothers Harriman (BBH) has boarded the rolling bandwagon today with the launch of ActionWorld, a real time, web based system enabling clients
Consultants Mercer today welcomed the Sandler Report, a government commissioned inquiry into the future of the retail savings industry in the UK. Despite its call for the effective socialisation of the UK savings business via mixture of price controls and
FXall, the online foreign exchange trading platform, announced today that Merck, Microsoft and Sun Microsystems have joined FXall's Customer Advisory Board. The Board which recently convened for a meeting in London to discuss future developments for the portal advises FXAll
Despite continual media reports on viruses and vulnerabilities, 44% of UK Financial and Insurance institutions surveyed admitted to having suffered an IT system attack or virus within the last year, with a further 17% unsure if they had been affected.
Royal Bank of Scotland announced today that it has sold a 50 per cent stake in NatWest Personal Financial Management Limited, the holding company for NatWest Stockbrokers to Toronto Dominion Bank, owners of TD Waterhouse. Under the terms of the
Mercer Human Resource Consulting has called for a radical overhaul of the UK pension regime. It proposes a triple solution an enhanced but still flat rate state pension separate but still tax privileged private pension and further private provision through
KPMG Consulting Inc. announced today that it has signed a definitive agreement to acquire the business consulting unit of Arthur Andersen y Cia in Spain. The acquisition is expected to close August 1st. The business consulting unit of Arthur Andersen
One of the hottest topics in Japanese sub custody today is the impending obligation laid on custodian banks to disclose the ultimate beneficiary of withholding tax reclaims rather than simply submitting them in the name of the bank. To discuss