United Kingdom
Best Practice | 18 May 17
UK advisers turning to law firms as IHT changes bite
Financial advisers expect a boom in demand for inheritance tax (IHT) advice and are looking to strengthen business partnerships with lawyers to help them cope.
United Kingdom | 18 May 17
UK PM May proposes £100k ‘death tax’ social care cap
British prime minister Theresa May has set out plans to significantly raise the threshold of personal assets at which people will be eligible for state help with residential care costs from £23,250 to £100,000 (€116,424, $129,396).
Pacific AM buys stake in emerging markets equities manager
Pacific Asset Management (PAM) has acquired a stake in London-based boutique investment manager North of South Capital, signalling a return to emerging markets for Pacific Investments Group co-founder John Beckwith following the sale of Thames River Capital, later Nevsky Capital, in 2010.
Tax & Regulation | 18 May 17
UK finds 40% of advice provides ‘unacceptable’ disclosure
The Financial Conduct Authority (FCA) has found “unacceptable” levels of disclosure in over 40% of the financial advisory sector as it releases the results of its Assessing Suitability Review.
Adviser and his wife convicted of £1.7m property fraud
A “heartless” adviser and his wife have been found guilty of swindling people out of £1.7m (€1.9m, $2.1m) after the longest trial in UK criminal history.