Regions
Portugal introduces wealth tax on properties over €600k
The Portuguese government has introduced a wealth tax on properties valued over €600,000 (£538,572, $660,108) in a move that could benefit thousands of British expats living in the EU-member state.
SLI launches Sicav version of MyFolio fund range
Standard Life Investments has launched an international version of its suite of multi-asset funds known as MyFolio, which will be initially available to advisers and their clients in Germany.
Tax & Regulation | 16 Jan 17
IoM global commission disclosure still two years away
Life companies based on the Isle of Man will have to disclose client commission worldwide from January 2019, the head of the Isle of Man Financial Services Authority (IoMFSA) has confirmed.
Best Practice | 16 Jan 17
SJP faces backlash for escaping 1% exit charge on pensions
St James’s Place, one of Britain’s biggest wealth managers, has come under fire over claims it will not be caught by an incoming cap on exit charges.
United Kingdom | 16 Jan 17
Optimus launches Qnups aimed at UK IFA market
Isle of Man-based pension provider Optimus has launched a new qualifying non-UK pension scheme (Qnups) aimed at wealthy individuals hit hard by the UK’s lifetime allowance cap as well as the annual tax taper.