Managers of Wealth

Claire Trott: Navigating annuities and inheritance tax

While this will work for some, there are a good number of considerations to take into account when thinking about this option.

AT1 lawsuit: US lawyers increase pressure on Switzerland

The complaint was supplemented with additional plaintiffs and with information from the PUK report.

U.S. Transfers $50M in Forfeited Assets to the Republic of Estonia in Recognition of Assistance in the Danske Bank Prosecution and Forfeiture

Estonia’s pledge to use the funds to combat financial crime, enhance asset recovery, and facilitate international cooperation reflects both countries’ commitment to invest in our vital law enforcement relationship to tackle complex cross-borde

AFSL deficiencies identified at Sanlam Private Wealth

It offers portfolio services, funds management, wealth advisory and corporate finance.

Bahamas' strong financial services laws, products highlighted at STEP Asia

“STEP Asia was a highlight to end the last quarter of 2024,” said Lawrence.

UBS' Reaction to PUK Report

The report confirms UBS's own opinion that the collapse of CS was the result of years of strategic missteps, mismanagement, and reliance on substantial regulatory concessions.

M&G sues Royal London over £86m Ascentric purchase

Asset manager looks for at least £27m in damages on back of investments in high-risk bonds.

Federal Council issues opinion on report of Parliamentary Investigation Committee concerning Credit Suisse

In its report for the attention of the Federal Assembly, the Federal Council sets out its position on the PInC's recommendations, motions and postulates.

FCA regulated? Keep these regulatory themes top of mind for 2025

We’ve been reflecting on the big regulatory changes we’ve seen in the UK this year and how they impact what we all need to be thinking about as we move into the new year.

Jeff Bezos saved around $1 billion in taxes by moving to a ‘billionaire bunker’ in Florida

Since his move in early 2024, Bezos has sold an estimated $13.6 billion worth of Amazon stock, according to Forbes.

New International Inheritance Law Boosts Swiss Financial Center

While this arrangement may seem straightforward, it often posed challenges in complex cases.

Tax rises for Charities in the UK following the October Budget Announcement

The uplift comes amidst other pressures facing the charities sector, including a 6.7% rise in the national living wage effective from 1 April 2025.

FINMA concludes proceedings against Leonteq

LTQ cooperated well with FINMA during the proceedings.

Praxis expands UAE offering with Sandshore acquisition

The acquisition of Sandshore builds our expertise further through the addition of five highly qualified and experienced professionals who take the same meticulous approach to client service as our existing team.

Did UBS harass two whistleblowers?

Forissier accuses his former employer of harassing him and a former marketing manager after the two uncovered the bank's efforts to help wealthy French people evade taxes.

Lombard Odier Faces Legal Indictment For Money Laundering

Swiss private bank under fire as authorities charge it with money laundering amid growing scrutiny

MAS Imposes Civil Penalty of $2.4 million on JPMorgan Chase Bank, N.A. for Misconduct by its Relationship Managers

As the interbank prices were not available to clients, they had to rely on the RMs’ representations to them regarding the interbank prices and spreads.

Bank Lombard Odier and a former employee charged with serious money laundering at the Federal Criminal Court

The investigation phase was concluded with the filing of the indictment with the Federal Criminal Court.

IHT on pensions to push wealthy families into 80% plus tax

This could result in the money held in pensions within these estates facing extreme effective rates of tax.

Dom and dusted – the end of the road for non-dom status

The UK Treasury has issued a technical note and draft legislation clarifying the proposed changes.

Legal,Regulation,Tax & Compliance