Europe
Portugal: the safe haven in the sun
Increasing numbers of high-value professionals are benefiting from bilateral double-tax agreements that offer Portuguese non-habitual residents qualifying income tax-free in a safe haven.
European closet tracker investigation ‘flawed’
The European Securities and Markets Authority’s (Esma) investigation into funds marketing themselves as active but in reality are passive, or ‘closet trackers’, underestimates the extent of the problem, according to UK investment boutique SCM Direct.
FEIFA partners with Kreston IoM
The Federation of European IFAs (FEIFA) has formed an affiliation with Kreston IoM, with the new partner advising members on structures to mitigate tax, aid succession, international pensions, and delivering guidance to high net worth clients.
GAM to acquire London-based investment firm THS
Swiss fund manager GAM has agreed to acquire Taube Hodson Stonex (THS), a UK-based global equity investment firm.
EC must remove ‘nightmare’ Priips clause, says AILO
The Association of International Life Offices (Ailo) has called on the European Commission to abandon a clause in the upcoming Priips regulation that will require fund manufacturers to provide KIDs on open-architecture bonds.