Tax & Regulation | 28 May 15
New Zealand KiwiSaver schemes fall off HMRC QROPS list
The number of New Zealand-based pension schemes on the latest HMRC approved list, released on 19 May, has dropped to 34 from 57, with KiwiSaver schemes notably absent from the remainder.
Portugal-based UK expats miss vital tax change
Many UK expats based in Portugal have retained their trusts, even though the Government introduced a tax of 28% on trust distributions from 1 January 2015.
Canada Life prepares for IHT changes with ‘unique’ product
Canada Life has launched what it describes as a “unique” estate planning product to protect overseas investors and owners of large estates against inheritance tax liabilities.
Alternatives | 27 May 15
Aberdeen bolts on second alternatives business in two months
Aberdeen Asset Management has agreed to acquire private equity and real assets manager FLAG Capital Management as part of an ongoing bid to scale up its presence in the alternatives space.
Lofoton adds ex-Franklin Templeton manager to European fund team
Boutique fund manager Lofoton Asset Management has appointed an ex-Franklin Templeton portfolio manager to its EI Sturdza Strategic Europe Value Fund team.