Industry
Tax & Regulation | 28 Feb 17
Estates over £1m face 1% ‘stealth tax’ as probate fees rise
The UK government will replace the current flat fee system for grants of probates with a new tiered levy, which could see estates over £1m ($1.24m, €1.17m) tens of thousands of pounds worse off.
Retirement | 28 Feb 17
DeVere probe ushers in ‘new era of regulatory oversight’
The Financial Conduct Authority’s (FCA) investigation into deVere UK, launched after the regulator banned the firm from writing pension transfer reports, is “just the beginning”, according to Geraint Davies, managing director of Montfort International, with other firms also likely to be caught out.
Aetna Int’l targets expats in Canada with new offices
Aetna International is spearheading an expat push into Canada with plans to unveil a string of new offices across the country.
PEOPLE MOVES: Globaleye MD departs with immediate effect
Globaleye’s managing director has departed with immediate effect, as St James’s Place is to lose its chief executive of 11 years at the end of 2017. Indosuez Wealth Management has bolstered its Midde East team with two appointments.
SJP Asia reports £13m loss while CEO Bellamy to step down
David Bellamy, chief executive of St James’s Place (SJP), will step down from his role at the end of 2017 as the group’s Asian business reports a £13.2m (€15.5m, $16.4m) loss.