Tax & Regulation
Best Practice | 23 Jan 17
Using Qnups in retirement wealth planning
In this first instalment of a two-part series on Qnups in wealth planning, director of Isle of Man-based pension provider Optimus, Martin Hall says the retirement solutions are great for those restricted by the dwindling lifetime allowance cap.
Tax & Regulation | 20 Jan 17
97% drop in FCA fines not a return to light touch regulation
The more than 97% decrease in fines levied by the UK regulator against financial institutions does not signal a return to light touch regulation, says Mark Steward, director of enforcement and market oversight at the Financial Conduct Authority (FCA).
Tax & Regulation | 20 Jan 17
Beneficial ownership data requests may breach UK legal rights
Requests from HM Revenue & Customs (HMRC) for beneficial ownership information on offshore companies and trusts may conflict with legal professional privilege (LPP), says the Law Society of England and Wales.
North America | 20 Jan 17
Trump’s treasury pick fails to disclose $100m in assets
Donald Trump’s nominee for treasury secretary, Steven Mnuchin, failed to disclose nearly $100m (£81.3m, €94m) of his assets to the Senate Finance Committee and neglected to mention his role as a director of an investment fund located in the Cayman Islands.
Tax & Regulation | 20 Jan 17
Advisers urgently need to get clients IHT planning
Wealthy British residents over the age of 45 are forgetting or ignoring simple estate planning tools that could help them to pass on more of their estate to their families, according to Canada Life’s annual IHT survey.