News
Nikko launches two UCITS funds to bolster EMEA business
Nikko Asset Management has announced the launch of two UCITS funds: a global equity fund and a global multi-asset fund.
Tax & Regulation | news 22 Jul 15
UK tax office considers changes to lifetime allowance protection
The UK tax office has decided to offer pension savers the ability to protect their entitlement to £1.25m lifetime allowance when a new lower limit is introduced on 6 April 2016, but is looking at changing the way individuals register for the protection.
Offshore Bonds | news 22 Jul 15
HMRC spares ‘non-aggressive’ trusts from IHT avoidance scheme crackdown
HM Revenue & Customs has proposed strengthening the ‘hallmarks’ it uses to identify inheritance tax planning arrangements but has excluded certain types of trusts used alongside life assurance policies.
VAM forms exclusive partnership with Close Brothers
Luxembourg-based VAM Funds has signed a deal with Close Brothers Asset Management (CBAM) to give its non-UK-based advisers the chance to tap into the latter’s discretionary fund management services.
United Kingdom | news 22 Jul 15
Wheatley ‘disappointed’ to leave FCA with unfinished business
Ousted Financial Conduct Authority boss Martin Wheatley has said he is “disappointed” to be leaving his job at the UK regulator and feels a “sense of unfinished business” at doing so.