Europe
Allfunds Bank to be sold in €1.8bn deal
Allfunds Bank is to be sold to private equity firm Hellman & Friedman and Singapore’s sovereign wealth fund, GIC, in a deal that values the European mutual fund platform at €1.8bn (£1.55bn, $1.9bn).
MEPs threaten privacy rights with beneficial ownership vote
In a bid to crackdown on tax evasion, European citizens could have their private financial affairs exposed to the public after members of the European parliament (MEPs) voted to include trusts and allow EU citizens access to beneficial ownership registers.
Ireland triples tax take from super wealthy, raking in €500m
More than half a billion euros was collected by the Irish tax authorities last year from 571 of the country’s wealthiest individuals.
Best Practice | 3 Mar 17
Understanding estate planning in France
Estate planning in France is made far more challenging by ‘forced heirship’ succession law and inheritance tax rates of up to 60%, explains Jason Porter, director of European IFA firm Blevins Franks. The regime is particularly daunting for complex family situations.
Unigestion sees intermediary market as key growth area
Boutique asset manager Unigestion is looking to grow its presence in intermediary markets by expanding its relationship with Allfunds Bank.