Managers of Wealth

European parliament wants Mifid commission ban scrapped

In its response to the Commission’s plan, the parliament proposes an amendment so all advisers simply have to disclose any commission.

SJ Berwin fills Angel's non-exec role with ex-UBS banker

He joins the firm in the position previously held by former Linklaters managing partner Angel, who quit the City firm last year to join DLA Piper as senior partner

Banks Hold $1 Billion in MF Global U.K. Cash, KPMG Says

The figures relate to unsegregated client accounts, which MF Global was allowed to mix with its own funds and which have proved difficult for the administrators to recover.

New York court rejects claim against UBS

HSH said it suffered “near-total” losses on a $500m collateralised debt obligation bought from UBS in 2002 when the US real estate market collapsed. It alleged the Swiss bank had deliberately selected mortgage bonds at high risk of default.

Global manhunt is on for Chinese rogue banker

The Ministry of Public Security has issued an arrest warrant for Sun Feng, the former head of the Yaosai branch of the Agricultural Bank of China in Jiangyin in East China's Jiangsu province.

CISI introduces mandatory integrity and ethics testing for members

The CISI is introducing new membership requirements for voting members in line with its commitment to champion the highest standards of ethical behaviour within financial services.

I-T pulls up HSBC Bank in black money cases

The Income Tax (I-T) department is said to be mulling over prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money abroad.

Buy-to-let landlords are sitting on a 'tax timebomb’

Never mind how Budget 2012 might affect a relatively small number of millionaires using offshore companies to avoid Stamp Duty. Here and now, accountants say thousands of buy-to-let landlords are sitting on a “tax timebomb”.

Dorset yacht broker jailed for £210,000 VAT fraud

He used the proceeds of this crime to fund a seemingly comfortable lifestyle.

Kai Herbert Sues JPMorgan Chase Over $3 Million Typo

Let this be a lesson in the importance of proofreading.

Dorset yacht broker jailed for £210,000 VAT fraud

HMRC investigators discovered that Williams charged VAT to UK customers, but failed to pass the money to HMRC on six occasions. This fraud totalled £209,225.10. The total VAT inclusive price of the six motor cruisers was £1.4 million (£1

Stamp duty hike has private client lawyers in a wine-bar whirl

A number of property lawyers were reported to be thrashing out late-night deals in wine bars following last Wednesday’s Budget.

Credit Suisse says bank to meet regulations

Credit Suisse, based in Zurich, and larger Swiss rival UBS AG (UBSN) are under pressure from the nation’s regulators to meet capital requirements that go beyond those faced by international competitors.

FSA sends 'nasty letters’ to IFAs over single platform use

Simon Morris (pictured), partner in the Financial Services division of law firm CMS Cameron McKenna, said the FSA had recently been sending out 'nasty letters' to advisers on the use of single platforms.

Leading offshore law firm advises WNS on NY Stock Exchange Offering

WNS is a leading global business process outsourcing company incorporated in Jersey, with its principal executive office located in India.

Budget ushers in key changes for private client and property lawyers

Chancellor George Osborne has put measures targeting the wealthy at the core of a budget that is also set to cut tax for business and clamp down on tax avoidance by corporates and individuals.

The worst-kept secret was a tax on the rich

The top rate of tax will now fall to 45 per cent from April 2013, and the expectation must be that a similar level of income will be deferred until 2013/14.

Number Of French Tax Exiles 'Marginal'

The union was presenting its findings to the Senate inquiry into the flight of capital and assets abroad.

Risks are increasing in quantity and severity - PwC

While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top

Thomas Eggar ranked in Top 25 Most Admired

Thomas Eggar’s expert private client team provides a broad range of specialist legal and tax support to individuals in areas including family, wealth planning and tax & trusts.

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