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PEOPLE MOVES: Nucleus, J Safra Sarasin, JO Hambro

PEOPLE MOVES: Nucleus, J Safra Sarasin, JO Hambro...Lock icon

Nucleus has appointed a successor to chairman Paul Bradshaw who died in January. J Safra Sarasin is targeting ultra-high net worths in Asia with a new division and managing director, while JO Hambro Capital Management prepares to bid farewell to an investment management veteran.

Published : 17, Mar 2017
Aiming to replicate the success of Samsung

Aiming to replicate the success of SamsungLock icon

Korean asset manager Mirae has expanded across Asia, established itself in Europe and continues to grow. Jung Ho Rhee explains how the firm capitalises on a special understanding of key consumer trends in developing markets.

Published : 17, Mar 2017
HMRC tax avoidance case against Rangers football club ends

HMRC tax avoidance case against Rangers football...Lock icon

HM Revenue & Customs’ seven-year pursuit of Rangers Football Club for aiding and abetting tax avoidance ended on Thursday after two days at the UK supreme court, with a judgment expected within three to six months.

Published : 16, Mar 2017
LSE questions family office role in shielding elite wealth

LSE questions family office role in shielding...Lock icon

The rise of “mysterious” family offices and their “shadowy” role in helping ultra-high net worth families protect their wealth “demands scrutiny”, research from the London School of Economics (LSE) has found.

Published : 16, Mar 2017
Resurgent Brooks Macdonald Int’l boosts group results

Resurgent Brooks Macdonald Int’l boosts group...Lock icon

Double-digit revenue growth by Brooks Macdonald International (BMI) helped drive the specialist discretionary fund management group’s total revenue up 17% to £45.3m ($55.1m, €51.8m) during the six months to 31 December 2016.

Published : 15, Mar 2017
PEOPLE MOVES: Cigna, Lombard Int’l, Woodford

PEOPLE MOVES: Cigna, Lombard Int’l, WoodfordLock icon

Global health insurer Cigna has boosted its distribution platform in Asia Pacific with two senior hires. Lombard International Assurance has appointed a head of France, while Woodford has raided his alma mater Invesco Perpetual to find a head of third party relationships.

Published : 14, Mar 2017
Harlequin Property creditors called to bankruptcy meeting

Harlequin Property creditors called to bankruptcy...Lock icon

Creditors of stricken overseas investment scheme Harlequin Property SVG have been invited to a meeting on 31 March 2017 to vote on the appointment of a bankruptcy trustee and investigators.

Quilter's bets on 'Trump lite'; remains wary of 'dark Donald'

Quilter's bets on 'Trump lite'; remains wary of...Lock icon

Quilter Cheviot’s Alan McIntosh is optimistic about what president Trump will mean for markets but with Brexit and European elections still to come this year, he is hedging some of his bets.

Published : 13, Mar 2017
IoM regulator open to dialogue on commission disclosure rules

IoM regulator open to dialogue on commission disclosure...Lock icon

The Isle of Man’s financial regulator has underlined the importance of fine-tuning the scope and timing of its commission disclosure rules for international life companies, amid industry concerns about an unlevel playing field with local companies in markets such as the UAE.

Published : 13, Mar 2017
Ex-Goldman Sachs banker banned in 1MDB scandal

Ex-Goldman Sachs banker banned in 1MDB scandal...Lock icon

Former Goldman Sachs director Tim Leissner has been banned from working in Singapore’s financial services industry for 10 years for his involvement with stricken Malaysian sovereign wealth fund 1MDB, with further prohibition orders expected.

Published : 13, Mar 2017
Ten industry views on the Qrops hammer blow

Ten industry views on the Qrops hammer blowLock icon

As the week comes to an end in which the Spring Budget slapped a surprise 25% overseas pension transfer charge in particular circumstances, here are the views on what it means from a cross section of the industry.

Published : 10, Mar 2017
Edgy deadlines for Qrops market, devil in planning detail

Edgy deadlines for Qrops market, devil in planning...Lock icon

Those operating in the Qrops market are now facing three crucial deadlines starting from today, as the implications of the hammer blow of a 25% overseas pension transfer charge applying to client pension pots in some circumstances sink in for advisers, providers and their clients.

Published : 9, Mar 2017
Aviva strengthens foothold in Singapore with 420 advisers

Aviva strengthens foothold in Singapore with 420...Lock icon

Insurance giant Aviva has revealed it employs 420 financial advisers in its Singapore advisory unit which was established less than a year ago.

Published : 9, Mar 2017
HMRC sets two year window to appeal offshore bond withdrawals

HMRC sets two year window to appeal offshore bond...Lock icon

The UK tax office has given policyholders two years to appeal ‘unfair’ or disproportionate tax bills resulting from ‘mistaken’ withdrawals from life policies.

Property, tax and IHT planning under the new UK non-doms regime

Property, tax and IHT planning under the new UK...Lock icon

With changes to the UK non-domicile regime set to go live next month, Canada Life’s Neil Jones talks through what the reforms mean for property, taxation and IHT planning.

UK cuts tax free dividend allowance to £2k

UK cuts tax free dividend allowance to £2kLock icon

The UK government has slashed the tax free dividend allowance will be reduced from £5,000 (€5,774, $6,108) to £2,000, chancellor Phillip Hammond announced in the Spring Budget on Wednesday.

Published : 8, Mar 2017
Surprise 25% Qrops charge rocks UK pension transfer market

Surprise 25% Qrops charge rocks UK pension transfer...Lock icon

The UK government’s shock decision to impose a 25% charge on transfers to foreign pension schemes announced in the Spring Budget could go as far as to "shut down" the Qrops market, according to industry observers.

Published : 8, Mar 2017
UK compensation scheme offers lifeline to Arch Cru investors

UK compensation scheme offers lifeline to Arch...Lock icon

Investors in the ill-fated CF Arch Cru Funds have been offered the opportunity to have their claims reviewed and settled now by the Financial Services Compensation Scheme (FSCS), after it was revealed that the funds will not be wound up until December 2018 at the earliest.

Published : 8, Mar 2017
Sentiment towards UK equities sinks to post-crisis low

Sentiment towards UK equities sinks to post-crisis...Lock icon

Fund manager sentiment towards UK equities has reached its lowest point since the financial crisis. Asset managers expect the asset class to post a negative return over the next 12 months.

Published : 8, Mar 2017
Canada taxman denies amnesty as more IoM schemes uncovered

Canada taxman denies amnesty as more IoM schemes...Lock icon

The Canada Revenue Agency (CRA) has denied it is offering an amnesty to citizens using offshore company structures to avoid paying tax, adding that it is investigating a number of schemes it has uncovered on the Isle of Man.

Published : 7, Mar 2017

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UK to 'raid pensions' to fund U-turn on self-employed tax hike
UK to 'raid pensions'...

The UK Treasury is reportedly considering a fresh raid...

Holborn Assets ordered to immediately cease pension transfers
Holborn Assets ordered...Lock icon

The UK Financial Conduct Authority has ordered Holborn...

Gibraltar ‘in danger’ of losing Qrops status
Gibraltar ‘in danger’...Lock icon

Gibraltar must put in place a system for regulating...

Sarah Lord to leave Killik & Co
Sarah Lord to leave Killik...Lock icon

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

South African expats unite against proposed tax changes
South African expats...Lock icon

South Africans working in countries with no income...

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