United Kingdom
Liechtenstein Disclosure Facility to end early
The UK Government has announced in todays Budget that it will close the Liechtenstein Disclosure Facility (LDF) half a year earlier than expected in order to make room for a tougher disclosure facility.
Retirement | 18 Mar 15
The UK govt creates secondary annuities market
The UK government will remove tax restrictions on people who want to sell the income stream from an existing annuity from 6 April next year, effectively giving them similar freedoms as those soon to be enjoyed by those in defined contribution savings plans.
United Kingdom | 17 Mar 15
Budget for wealth managers to fear and cheer
As Chancellor of the Exchequer George Osborne limbers up to deliver the 2015 Budget, wealth managers and financial advisers have reason to be gleeful and cause to worry.
United Kingdom | 17 Mar 15
HSBC steps up checks on Jersey customers
HSBC has stepped up scrutiny of its onshore account holders in Jersey although clients with the bank’s Expat Account are not affected.
United Kingdom | 16 Mar 15
Life companies welcome UK annuity resale plans
UK life companies have cautiously welcomed an announcement by UK chancellor George Osborne to give up to five million current pensioners the right to swap their annuities for cash in this week’s budget due on Wednesday.