Tax & Regulation | 2 May 13
hmrc clampdown on offshore trusts face jail
UK residents who have access to money through offshore trusts are being advised to check that their arrangements are still within the current tax laws following HMRC’s recently announced swoop on trusts that are being used to hide income and wealth overseas.
Retirement | 2 May 13
harbour pensions opens to new business
Harbour Pensions, a recently established Malta based trust company, has launched a new QROPS proposition.
Tax & Regulation | 2 May 13
osborne claims significant step forward
UK chancellor George Osborne claims to have a made a “significant step forward in tackling illicit finance”, after the Treasury announced “all British Overseas Territories with significant financial centres” had agreed to sign up to its latest strategy on tax transparency.
People Moves | 2 May 13
ifss beggs takes full time aam advisory role
Kelso Beggs, for many years the chief operations officer of International Financial Services in Singapore, has been appointed head of distribution at AAM Advisory, as the company moves to strengthen its management structure ahead of expansion.
managing partners suspends redemptions
Managing Partners Ltd, a Cayman Islands-registered asset manager, has revealed that it “imposed a redemption gate” on its Traded Policies Fund, becoming the latest traded life policy fund manager to move to limit redemptions.