Portugal introduces wealth tax on properties over €600k

Portugal introduces wealth tax on properties over...

The Portuguese government has introduced a wealth tax on properties valued over €600,000 (£538,572, $660,108) in a move that could benefit thousands of British expats living in the EU-member state.

Published : 16, Jan 2017
SLI launches Sicav version of MyFolio fund range

SLI launches Sicav version of MyFolio fund range...

Standard Life Investments has launched an international version of its suite of multi-asset funds known as MyFolio, which will be initially available to advisers and their clients in Germany.

Published : 16, Jan 2017
UK expats need EU healthcare more than Europeans need NHS

UK expats need EU healthcare more than Europeans...

A greater number of British expats rely on European healthcare under the UK’s reciprocal healthcare agreements than European pensioners living on the UK, who use the NHS, according to figures obtained by the BBC.

Published : 12, Jan 2017
‘Highly unlikely’ Providence investors will get money back

‘Highly unlikely’ Providence investors will get...

Investors in the doomed Guernsey-based Providence Investment Funds have been told it is “highly unlikely” they will receive any money back, as a campaign group is set up on their behalf to target an FCA-regulated firm it claims is behind the funds’ promotion.

Published : 12, Jan 2017
Man GLG launches pan-European equity Ucits fund

Man GLG launches pan-European equity Ucits fund...

Discretionary fund manager Man GLG, part of investment management giant Man Group, has launched a pan-European Ucits fund for investors across Europe which will offer exposure to the region’s strongest companies.

Published : 11, Jan 2017
Malta accused of being a tax haven after taking EU presidency

Malta accused of being a tax haven after taking...

Malta has been accused of being a tax haven after a new report found that the European Union’s smallest member state helped multinationals avoid paying €14bn (£12.1bn, $14.8bn) in taxes between 2012 and 2015.

Published : 11, Jan 2017
Quaero brings `family enterprise' fund to Asia

Quaero brings `family enterprise' fund to Asia...

Geneva-based asset manager Quaero Capital is bringing its specialist fund that invests in European companies with family shareholders to Asia.

Published : 11, Jan 2017
Malaysian asset manager launches first sukuk Ucits fund

Malaysian asset manager launches first sukuk Ucits...

The Irish unit of Malaysia-headquartered CIMB-Principal Islamic Asset Management has launched its first global sukuk Ucits fund.

Published : 10, Jan 2017
Old Mutual exits Europe after completing sale of Italian unit

Old Mutual exits Europe after completing sale...

Old Mutual has confirmed its exit from continental Europe after finalising the sale of its Italian operations to Phlavia Investimenti.

Published : 9, Jan 2017
Portugal strikes Jersey and Isle of Man off blacklist

Portugal strikes Jersey and Isle of Man off blacklist...

Portugal’s government has removed Jersey, Isle of Man and Uruguay from its latest blacklist of jurisdictions.

Published : 6, Jan 2017
European robo-adviser plans UK launch promising 20% returns

European robo-adviser plans UK launch promising...

European wealth management firm Novofina will launch in the UK this year bringing “state-of-the-art” algorithms which it claims can deliver 20% returns for investors.

Published : 5, Jan 2017
EU regulators under fire as email of ex-UK rep revealed

EU regulators under fire as email of ex-UK rep...

The widespread distribution models in many European countries are not understood properly by the European Securities & Markets Authority (Esma), making parts of its new product governance rules “unworkable” for financial advisers, according to Fecif's secretary general Paul Stanfield.

Published : 4, Jan 2017
Jean-Claude Juncker blocked EU curbs on tax avoidance

Jean-Claude Juncker blocked EU curbs on tax avoidance...

The president of the European Commission, Jean-Claude Juncker, spent years in his previous role as Luxembourg’s prime minister secretly blocking EU efforts to tackle tax avoidance by multinational corporations, secret documents show.

Published : 3, Jan 2017
Which asset classes lost investors most money in 2016?

Which asset classes lost investors most money...

Thanks to the end-of-year ‘Trump rally’, 2016 has been a pretty good year for investors in risky assets. However, not all asset classes have fared so well.

Published : 20, Dec 2016
Top challenges facing global IFAs in 2017

Top challenges facing global IFAs in 2017

Advisers around the world give their views on how regulation, M&A activity and technology will affect their business in 2017.

Published : 20, Dec 2016
Swiss firm aims to digitalise fund selection process

Swiss firm aims to digitalise fund selection process...

Zurich-based fund information provider fundinfo and its partner ifund services have launched Digital-Advisor, a fund selector that analyses both active and passive funds and match them to an investor’s preferences.

Published : 19, Dec 2016
All French and Italian Rops dropped from UK pension list

All French and Italian Rops dropped from UK pension...

All French and Italian schemes have been removed from the HM Revenue & Customs (HMRC) list of recognised overseas pension schemes (Rops) said to meet the conditions for accepting UK retirement pots.

Published : 19, Dec 2016
Arsenal footballer’s house 'seized’ by Spanish tax authorities

Arsenal footballer’s house 'seized’ by Spanish...

Arsenal forward Alexis Sanchez has had his luxury four-bed house seized in Spain amid an ongoing tax investigation, with the Spanish authorities claiming he owes them €3.7m (£3.12m, $3.8m) in unpaid taxes.

Published : 16, Dec 2016
Italy to target non-doms with new tax regime

Italy to target non-doms with new tax regime

Italy is to introduce a remittance-style tax regime aimed at attracting non-domiciled high net worth residents, just as the UK makes its rules in this area less attractive post the Brexit vote.

Published : 16, Dec 2016
Robeco expands Conservative range with multi-asset launch

Robeco expands Conservative range with multi-asset...

Robeco has extended its UK offering with the QI Conservative Multi Asset Fund, targeting “balanced returns combined with the volatility profile of defensive portfolios”.

Published : 16, Dec 2016

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