News
Investment | news 30 Oct 17
Hammond’s budget surplus dream in tatters after IFS kick
Philip Hammond needs to admit his promise to eradicate the UK’s budget deficit by the mid-2020s is “no longer sensible”, a report from the Institute of Fiscal Studies (IFS) has said.
Expats reprieved on Portuguese pension tax
A widely speculated 10% tax on expat pensions transferred to Portugal has been left out of the country’s 2018 budget, but this does not mean the rule change is not coming, experts warn.
Rise of passive continues as global AUM hits $80trn
Passively managed assets continue to eat up a growing a share of total assets under management (AUM) around the world, according to Willis Towers Watson’s Global 500 research.
STM chief executive arrested in Gibraltar
The chief executive of cross border financial services provider STM Group, Alan Kentish, was arrested by the Royal Gibraltar Police in relation to a tax issue in 2015 involving an STM client company.
Investment | news 30 Oct 17
Regulation to drive passive boom in 2018
Regulatory change could continue the boom in demand for passive strategies, according to a survey by KPMG and Blackrock.