News
Tax & Regulation | news 8 May 15
UK election result puts IHT and pension tax in spotlight
The surprise majority victory by the Conservative Party in the UK general election could mean changes to inheritance tax rules and tax relief on pensions are more likely, though initially for most financial advisers the outcome simply means business as usual.
People Moves | news 8 May 15
Coutts Int’l chief quits following sale to Union Bancaire Privee
Coutts International’s chief executive Alexander Classen has left the private bank following its sale in March.
Tax & Regulation | news 7 May 15
Non-doms move toward mortgages for UK property funding
Non-UK resident individuals are increasingly seeking mortgage finance to fund their UK residential property purchases due to the introduction of the Annual Tax on Enveloped Dwellings (‘ATED’) and the advanced rate of stamp duty land tax for property purchased via certain ‘non-natural persons’, says law firm Edwin Coe.
North America | news 7 May 15
Vanguard launches ‘robo-advice’ service in US
Pennsylvania-headquartered Vanguard has rolled out a ‘robo-advice’ service for clients in the United States.
RL360° to purchase Clerical Medical Int’l
Isle of Man-headquartered, RL360° Group, is to buy the international life arm of Lloyds Banking Group, Clerical Medical International Insurance Company (CMI).