Returning expats ‘hardest hit’ by non-dom reforms

Returning expats ‘hardest hit’ by non-dom reforms...Lock icon

Thousands of British expats face significant bills if they return to the UK after new non-dom tax rules come into force next week.

Published : 30, Mar 2017
FCA fines ex-investment banker over Whatsapp boasts

FCA fines ex-investment banker over Whatsapp boasts...

A former investment banker has been fined more than £37,000 ($45,965, €42,610) by the FCA after he admitted trying to impress friends by revealing confidential client details in Whatsapp chats.

Published : 30, Mar 2017
UK advisers spur growth in Royal London’s life and pensions

UK advisers spur growth in Royal London’s life...

Royal London has reported a 28% rise in new life and pensions business to £8.6bn (€9.9bn, $10.6bn), driven by strong sales from UK financial advisers.

Published : 30, Mar 2017
Wife and mistress must split pension rules Brazil court

Wife and mistress must split pension rules Brazil...

The pension benefits of a Brazilian man who died in 2015 should be equally split between his wife and a woman with whom he had a 20-year relationships during his marriage, a court has ruled.

Published : 30, Mar 2017
Brexit prompts nearly £1m financial services review on Jersey

Brexit prompts nearly £1m financial services review...

The government of Jersey is to spend £900,000 ($1.1m, €1m) on another strategic review of the island’s financial services industry, to analyse the implications of Brexit and the effect of digital disruption.

Published : 30, Mar 2017
HMRC fails to clamp down on tax evasion as avoidance plummets

HMRC fails to clamp down on tax evasion as avoidance...

The UK tax office is still losing £11.4bn (€13.1bn, $14.1bn) of revenue every year to evasion despite introducing a host of measures aimed at tackling tax avoidance, according to research by consulting firm RSM.

Published : 30, Mar 2017
Five ways to benefit at the pension last chance saloon

Five ways to benefit at the pension last chance...

Pension savers in the UK have up until midnight on 5 April to maximise their contributions to offset this year’s tax bill, says Nathan Long, senior analyst at Hargreaves Lansdown. Here he suggests five ways savers can make the most of their unused allowances.

Published : 30, Mar 2017
MSCI changes tack on including China A-share in indexes

MSCI changes tack on including China A-share in...

Index provider MSCI has outlined new proposals designed to overcome issues preventing it from adding the shares of mainland Chinese companies to several key equity indexes, which should effectively allow a limited number of stocks to be included.

Published : 30, Mar 2017
Call made for Brits to remain European citizens post-Brexit

Call made for Brits to remain European citizens...

Article 50 has now been triggered, and the UK will leave the European Union in two years time. But Brexit shouldn't result in UK citizens losing their European citizenship against their will, said the European Parliament's chief Brexit negotiator Guy Verhofstadt.

Published : 29, Mar 2017
JP Morgan: There is still opportunity in credit

JP Morgan: There is still opportunity in credit...

After a recent survey found more than 80% of investors believed corporate bonds were overvalued, a JP Morgan portfolio manager has argued the case for keeping money in the asset class.

Published : 29, Mar 2017
US regulator 'freezes' lottery ticket boiler room scam

US regulator 'freezes' lottery ticket boiler room...Lock icon

A boiler room scam selling shares in a lottery ticket company that spent investor money on strip clubs, among other things, has had its assets frozen by the US Securities and Exchange Commission (SEC).

Published : 29, Mar 2017
Expats face Brexit ‘limbo’ as UK kick-starts Article 50 talks

Expats face Brexit ‘limbo’ as UK kick-starts Article...Lock icon

Over a million British expats living across the European Union face further uncertainty as the UK officially starts the two-year process to exit the bloc without being any closer to securing a deal on reciprocal rights.

Published : 29, Mar 2017
Brexit poses investment challenge for advisers - Pru survey

Brexit poses investment challenge for advisers...

As the UK takes its first formal step toward leaving the European Union, UK insurance giant Prudential says its research found that financial advisers view ‘Brexit’ as one of the biggest investment planning challenges they face.

Published : 29, Mar 2017
BlackRock reveals major overhaul of active equity offering

BlackRock reveals major overhaul of active equity...

US asset management giant BlackRock has revealed a major shake-up of its actively managed equity funds, including job cuts and a greater use of technology in stock picking.

Published : 29, Mar 2017
Triggering of Article 50 a fresh blow for Qrops

Triggering of Article 50 a fresh blow for Qrops...Lock icon

The UK government’s move on Wednesday to kick start the official two-year process for leaving the European Union is likely to be a further blow to a Qrops industry still reeling from the shock 25% charge imposed earlier this month.

Published : 29, Mar 2017
Standard Life cuts Asia insurance profile with Hong Kong sale

Standard Life cuts Asia insurance profile with...Lock icon

Standard Life has agreed to sell its wholly-owned Hong Kong life operation to its Chinese joint venture company Heng An Standard Life Insurance Company (HASL), underlining its move towards an investment-led business focus.

Published : 29, Mar 2017
HSBC GAM latest passive provider to join ETF Forum

HSBC GAM latest passive provider to join ETF Forum...Lock icon

HSBC Global Asset Management is the latest exchange-traded fund (ETF) provider to join the ETF Forum, an industry body tasked with educating UK financial advisers about the passive investment products.

Published : 29, Mar 2017
Financial advice hit by UAE value-added tax, not life products

Financial advice hit by UAE value-added tax, not...

Details of the VAT system to be introduced for the first time in the UAE reveal that the standard rate of 5% will be levied on fee-based financial advice but not on the sale of life products.

Published : 28, Mar 2017
UK delays non-dom tax changes to offshore trusts until 2018

UK delays non-dom tax changes to offshore trusts...Lock icon

The UK government has delayed changes to the treatment of overseas trusts held by non-UK domiciles, amid concerns the reforms may force out Britain’s wealthiest foreigners.

Published : 28, Mar 2017
US regulator shuts down scam targeting elderly investors

US regulator shuts down scam targeting elderly...

The US Securities and Exchange Commission (SEC) implemented an emergency asset freeze and temporary restraining order against an investment adviser and his financial management company accused of scamming elderly investors out of millions.

Published : 28, Mar 2017

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