Bailey also has the Middle East in his sights, and he talks about the future prospect of a fully serviced office in that region, in International Adviser’s latest video interview.
Bailey characterises The Fry Group’s approach to advice as conservative, one consequence of which is that the company rarely has recommended a QROPS. The company currently has a moratorium on the schemes, pending further clarification from HMRC, he says.
To watch the full interview, visit www.international-adviser.com/video
Stepping into the shoes of long-standing director Graham Barnes, Bailey discusses his plans for an efficiency drive and the current focus of the business on Europe and Asia.
Bailey explains that he already has an international dimension to his career with his ten years of experience as an expat in Asia, and that he was recruited by Barnes to The Fry Group in 1994. He also talks about how The Fry Group keeps up-to-speed with tax and regulations around the world.
He further pinpoints Malaysia as the most difficult jurisdiction he has dealt with over the years because of its lack of maturity in terms of regulation and the corresponding grey areas which makes the giving of advice a difficult process.
