Messi appeal against Spanish tax fraud sentence set for April

Messi appeal against Spanish tax fraud sentence...

Argentinian football star Lionel Messi will appear in court in Spain next month to appeal the 21-month prison sentence he was handed for tax evasion last year.

Published : 24, Mar 2017
Italy introduces non-dom tax breaks to lure wealthy foreigners

Italy introduces non-dom tax breaks to lure wealthy...

Italy has introduced a flat rate of tax aimed at attracting wealthy expats to its shores as it looks to compete with similar regimes offered in the UK and Spain.

Published : 24, Mar 2017
Understanding tax residency in Portugal

Understanding tax residency in Portugal

If you have recently moved or are moving to Portugal, you need to understand the tax implications of living there as a British national, says Jason Porter, director of European IFA firm Blevins Franks.

Published : 24, Mar 2017
House of Lords warns of Brexit danger for crown dependencies

House of Lords warns of Brexit danger for crown...Lock icon

The crown dependencies’ financial services sectors could suffer if the UK government fails in its constitutional responsibility to represent the islands' interests during the Brexit negotiations, the House of Lords’ European Union Committee has warned.

Published : 23, Mar 2017
Luxembourg in ‘breakthrough’ tax treaty talks with Australia

Luxembourg in ‘breakthrough’ tax treaty talks...Lock icon

Luxembourg is in talks with Australia to sign a double tax agreement (DTA) following efforts by the Grand Duchy to clean up its controversial tax regime, finance minister Pierre Gramegna has said.

Published : 23, Mar 2017
Luxembourg shuns ‘aggressive’ Brexit plan to attract UK firms

Luxembourg shuns ‘aggressive’ Brexit plan to attract...Lock icon

Luxembourg, the largest domicile for Ucits funds, will not engage in a “race to the bottom” to lure UK-based asset managers that want to maintain their passporting rights when Britain leaves the EU, according to Anouk Agnes, deputy director general of the Association of Luxembourg Fund Industry (Alfi).

Published : 22, Mar 2017
ANALYSIS: Fixed maturity funds – Has the opportunity passed?

ANALYSIS: Fixed maturity funds – Has the opportunity...

2016 saw some highly successful launches of fixed maturity bond funds as investors took the opportunity to lock in attractive yields combined with reduced duration risk. But are such products still worth buying now, with credit spreads having sunk below their long-time average?

Published : 22, Mar 2017
Fees on European funds ‘must come down’, warns regulator

Fees on European funds ‘must come down’, warns...Lock icon

Asset managers in Europe must reduce the cost of their products, Steven Maijoor, chair of the European Markets and Securities Authority (Esma) has warned.

Published : 21, Mar 2017
Mobius to stand down as PM on 12 funds

Mobius to stand down as PM on 12 funds

Mark Mobius is to stand down from fund management duties on a range of 12 Luxembourg Sicavs but will remain as executive chairman of Templeton Emerging Markets Group.

Published : 21, Mar 2017
Swiss court overturns ban on releasing UBS client data to France

Swiss court overturns ban on releasing UBS client...

Switzerland's Supreme Court has ruled that the government can comply with a French request for information about a UBS client's bank account, despite the request probably being founded on stolen data.

Published : 17, Mar 2017
Generali delivers solid results as life business improves

Generali delivers solid results as life business...

Italian insurer Generali Group described its 2016 results as “excellent”, benefitting from “very strong net inflows” in its Life segment, an earlier cost cutting exercise, and a change in the product mix of its domestic business.

Published : 16, Mar 2017
Investors celebrate mainstream victory in Dutch elections

Investors celebrate mainstream victory in Dutch...

Markets have welcomed the failure of Dutch far-right leader Wilders to make significant gains in yesterday’s elections. The euro was up by more than 1% against the dollar, and peripheral bond spreads narrowed. Has the populist tide now turned?

Published : 16, Mar 2017
Old Mutual Int’l focuses on ‘select group’ of Swiss-based IFAs

Old Mutual Int’l focuses on ‘select group’ of...

Old Mutual International has confirmed that it has altered its distribution strategy in Switzerland to focus on a more “select group of expat IFAs”, contradicting industry reports that it was pulling out of the market altogether.

Published : 16, Mar 2017
Qrops charge ‘inadequately consulted’ but good for Malta

Qrops charge ‘inadequately consulted’ but good...

The UK government’s unexpected decision to impose a 25% charge on some overseas pension transfers “lacked adequate consultation” but is positive for Malta and the wider pension industry, said the Malta Association of Retirement Scheme Practitioners (MARSP).

Published : 13, Mar 2017
How French succession law works

How French succession law works

While there are many benefits to living in France, estate planning is not one of them, explains Jason Porter, director of European IFA firm Blevins Franks. After taking a look at succession tax last week, this week he breaks down succession laws that are complex, and which many feel are unfair.

Published : 10, Mar 2017
No basis for hawkish turn as ECB holds firm

No basis for hawkish turn as ECB holds firm

A meeting of the European Central Bank heralded few surprises on Thursday, but added fuel to speculation QE will continue past 2017.

Published : 9, Mar 2017
Axa IM launches fixed term European high yield bond fund

Axa IM launches fixed term European high yield...

Axa Investment Managers has launched a fixed term bond fund that invests primarily in European corporate high yield debt securities.

Published : 8, Mar 2017
Allfunds Bank to be sold in €1.8bn deal

Allfunds Bank to be sold in €1.8bn deal

Allfunds Bank is to be sold to private equity firm Hellman & Friedman and Singapore’s sovereign wealth fund, GIC, in a deal that values the European mutual fund platform at €1.8bn (£1.55bn, $1.9bn).

Published : 7, Mar 2017
MEPs threaten privacy rights with beneficial ownership vote

MEPs threaten privacy rights with beneficial ownership...Lock icon

In a bid to crackdown on tax evasion, European citizens could have their private financial affairs exposed to the public after members of the European parliament (MEPs) voted to include trusts and allow EU citizens access to beneficial ownership registers.

Published : 3, Mar 2017
Ireland triples tax take from super wealthy, raking in €500m

Ireland triples tax take from super wealthy, raking...

More than half a billion euros was collected by the Irish tax authorities last year from 571 of the country’s wealthiest individuals.

Published : 3, Mar 2017

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UK to 'raid pensions' to fund U-turn on self-employed tax hike
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Holborn Assets ordered to immediately cease pension transfers
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Gibraltar ‘in danger’ of losing Qrops status
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Gibraltar must put in place a system for regulating...

More firms in the FCA firing line after Holborn sanctions
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Sarah Lord to leave Killik & Co
Sarah Lord to leave Killik...Lock icon

Sarah Lord, one of the most highly qualified female...

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