Best Practice | 22 Jun 18
Guernsey court limits trustee tax error rule
The Guernsey Court of Appeal has made a key judgement on a rule that allows trustees to correct decisions they made on the basis that there were unintended consequences – often unforeseen taxes.
PEOPLE MOVES: PSG Wealth, Vanguard, Martin Currie
Vanguard fills its newly created head of Italy position, Martin Currie sets out its succession plan involving a Blackrock alum and PSG Wealth grows its Johannesburg office.
Pension transfers hit record £10.6bn in first quarter
The belief that UK pension transfers peaked in 2017 has been proven wrong as figures from the UK’s Office for National Statistics (ONS) show £10.6bn flowed out of defined benefit schemes in the first quarter of 2018.
Investment | 21 Jun 18
Zurich enters passive market with Middle East adviser offering
Zurich International Life has launched a set of low cost passive funds that will offer financial advisers a simple investment solution for their customers in the Middle East.
Panama Papers law firm unable to identify 75% of its clients
A leak of 1.2 million new documents shows that Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, could not identify the owners of up to three quarters of the companies it administered.