INDUSTRY

Fugitive Russian oligarch had five ‘sham’ offshore trusts

Fugitive Russian oligarch had five ‘sham’ offshore...

A fugitive Russian oligarch set up five “sham” trusts in New Zealand to shield $100m from creditors, the England and Wales High Court has ruled.

Published : 17, Oct 2017
PEOPLE MOVES: Sun Life, Irwin Mitchell, Sanlam and others

PEOPLE MOVES: Sun Life, Irwin Mitchell, Sanlam...

Sun Life appoints for HNW strategy in Hong Kong, Irwin Mitchell boosts its offshore and tax practice and Sanlam appoints from Neptune.

Published : 17, Oct 2017
Premier League striker first in a raft of 'image rights' tax investigations

Premier League striker first in a raft of 'image...

In its latest clash with sports stars over their tax affairs, HM Revenue & Customs has taken a little-known Hull player to task over his image rights.

Published : 16, Oct 2017
First ETN tracking 'crypto-fuel' lists on Nasdaq

First ETN tracking 'crypto-fuel' lists on Nasdaq...

The first exchange-traded notes tracking the price of ether, a ‘crypto-fuel’, have been launched for European investors.

Published : 16, Oct 2017
South Africa’s Sanlam Life buys Barclays-owned consulting arm

South Africa’s Sanlam Life buys Barclays-owned...

South Africa-headquartered Sanlam Life Insurance has agreed to buy Barclays Bank owned subsidiary Absa Consultants and Actuaries (ACA) for R285m (£16.1m, $21.4m).

Published : 16, Oct 2017
Expats told to divorce and remarry to preserve rights

Expats told to divorce and remarry to preserve...

A same sex couple told to divorce and remarry to preserve their rights when moving to France has highlighted a potentially huge issue for cross border couples, according to a legal expert.

Published : 16, Oct 2017
Tax avoidance plan promoter gets done for not telling HMRC

Tax avoidance plan promoter gets done for not...

A tax avoidance scheme promoter has been found guilty of not telling HM Revenue & Customs (HMRC) about it.

Published : 16, Oct 2017
Probate disputes to rise over ‘digital messages’

Probate disputes to rise over ‘digital messages’...

An unsent text accepted as a man’s dying wish in Australia could signal more disputes in the UK, after a Law Commission will consultation concludes in November.

Published : 13, Oct 2017
PEOPLE MOVES: RSM, Zedra, Penningtons Manches, GAM and others

PEOPLE MOVES: RSM, Zedra, Penningtons Manches,...

RSM added to its private client offering with a hire from Barclays Wealth, Pennington Manches appointed its youngest of 105 partners, Zedra appointed two executive directors in Hong Kong and GAM named Andrew Green's successors.

Published : 13, Oct 2017
Foiled UK tax-help scam tally hits million milestone

Foiled UK tax-help scam tally hits million milestone...

A million costly tax-help scams have been blocked or diverted by HM Revenue & Customs (HMRC), the authority has claimed.

Published : 13, Oct 2017
Dubai's DIFC prepares to implement CRS and reform trust laws

Dubai's DIFC prepares to implement CRS and reform...

The Dubai International Financial Centre is preparing new laws to implement the Common Reporting Standard (CRS), and to reform its rules surrounding trusts and foundations.

Published : 13, Oct 2017
Unsent text is last will says Australian court

Unsent text is last will says Australian court...

An unsent text message has been accepted as an official will by an Australian court.

Published : 12, Oct 2017
FCA bans adviser spouses for 'calculated' deception

FCA bans adviser spouses for 'calculated' deception...

The Financial Conduct Authority (FCA) has barred John Chiesa and Colette Chiesa, founders of an authorised IFA firm, from ever working in financial services for the “calculated way” they deceived creditors.

Published : 12, Oct 2017
China's fund association lashes out at marketing gaffe

China's fund association lashes out at marketing...

The Asset Management Association of China (AMAC), the fund industry's self regulatory body, has sharply criticised an online fund marketing campaign launched by a wealth management arm of e-commerce giant Alibaba, involving 16 fund managers.

Published : 12, Oct 2017
Noah aims to be China's global private bank

Noah aims to be China's global private bank

Developing a global family office unit and offering discretionary mandates are part of Shanghai-based Noah’s strategy to become a global Chinese wealth manager, according to William Ma, co-chief investment officer in Hong Kong.

Published : 12, Oct 2017
'Outdated' EU directive will swamp advisers warns expert

'Outdated' EU directive will swamp advisers warns...

International financial adviser Mazars has warned the 'laudable' intent of the incoming Insurance Distribution Directive (IDD) could be lost under the burden of regulation which is already out of date.

Published : 12, Oct 2017
Expat pensions at risk admits UK chancellor

Expat pensions at risk admits UK chancellor

UK chancellor Philip Hammond has admitted the government is "alive to the risk" that leaving the EU without a Brexit deal could create “legal uncertainties” for European cross-border pensions and insurance arrangements.

Published : 11, Oct 2017
Guernsey wealth manager swoops on $1.7bn in US assets

Guernsey wealth manager swoops on $1.7bn in US...

Guernsey-based European Wealth, an integrated wealth management group, is to acquire a US broker network with US$1.7bn (€1.44bn,£1.29bn) assets under management and re-brand itself.

Published : 11, Oct 2017
Four types of tax evaders targeted in HMRC campaign

Four types of tax evaders targeted in HMRC campaign...

Tax investigators are ramping up the pressure on tax evaders with a ‘spotters guide’ identifying four types of offenders they are focusing on as a priority.

Published : 11, Oct 2017
Praxis buys Netherlands trust business

Praxis buys Netherlands trust business

PraxisIFM, the Channel Islands-based trust, funds and corporate services firm, has bought the Netherlands’ Kompas International for an undisclosed sum, adding to an already extensive global footprint.

Published : 11, Oct 2017

Sponsored Content

Four types of tax evaders targeted in HMRC campaign
Four types of tax evaders...

Tax investigators are ramping up the pressure on tax...

Expat pensions at risk admits UK chancellor
Expat pensions at risk...

UK chancellor Philip Hammond has admitted the government...

FCA bans adviser spouses for 'calculated' deception
FCA bans adviser spouses...

The Financial Conduct Authority (FCA) has barred John...

'Outdated' EU directive will swamp advisers warns expert
'Outdated' EU directive...

International financial adviser Mazars has warned the...

Benchmark sets ‘comfortable’ UK retirement goal
Benchmark sets ‘comfortable’...

A series of national income targets could be used to...

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