Managers of Wealth

City row erupts against proxy advisers over executive pay

However, proxy advisers, which recommend how shareholders vote at company meetings, have often been criticised for blocking the hiking of executive pay.

Stephenson Harwood wins two awards at WealthBriefingAsia Awards 2024

These annual awards, which are part of WealthBriefing's global awards programme, recognise firms, teams, and individuals that have demonstrated innovation and excellence during the last year.

UK wealth taxes in spotlight amid Labour election talk of CGT rise

Labour party is finalising its manifesto as shadow ministers are rumoured to be calling for capital gains tax rise

Swiss finmin flags legal risks to winding up global banks

The big banks are heavily invested there.

Saffery shortlisted for the 2024 eprivateclient Excellence Awards

The awards are devoted to recognising the outstanding achievements of leading firms across the private client professions in the UK.

Flagstone gets status change approval from JFSC

The approval from the JFSC recognises Flagstone International as an independent trust company able to provide services under Jersey’s regulatory framework.

No deal on global billionaire’s tax, says Yellen

The treasury secretary says proposed annual wealth tax on the ultra-affluent, currently tabled among G7 and G20 countries, won’t get US support.

Inheritance tax drags in 7.2% more from estates as IMF suggests raising death duties

HM Revenue and Customs figures today revealed that Inheritance Tax receipts for April 2024 were £700million, which is £85million or 7.2 per cent higher than the same month last year.

Close Brothers dips as it outlines motor finance review

In the voluntary review by Close, separate from the FCA probe, the firm predicts ‘single-digit millions’ in compensation for its motor finance customers.

Isle of Man considers change of policy on family offices

The call for input will lead to further research on the available options, which will form the content of a further consultation paper or discussion paper in due course.

SureVu: Your Shield Against the Menace of Failed Trades in the Era of CSDR's Settlement Discipline Regime

The consequences of failing trades are not limited to financial losses; they extend to the credibility and professionalism of an asset management firm.

FCA publishes details of common application shortcomings for prospective asset managers

The FCA identified a number of common errors that applicants should avoid when applying for authorisation for asset management activities.

Labuan IBFC Inc. and RAM jointly host event on Labuan captive solutions for self-insurance

This collaboration arises from RAM’s LECA rating service for credit and performance evaluation of Labuan IBFC licensees

Rules of conduct under FinSA: FINMA launches consultation on new circular

The Financial Services Act (FinSA) has been in force since the beginning of 2020.

New Finma director pours fuel on the UBS fire in his first speech

It made sense that Stefan Walter made his first industry appearance before the small bank symposium.

MAS fines wealth firm Swiss-Asia for AML breaches

The wealth firm was slapped with a S$2.5m fine for various AML breaches during a four-year period.

AFH sues ex-adviser for £1.6m in restricted covenant breach claim

The wealth firm alleges that ex-adviser Samantha Baker broke a restricted covenant to take 121 clients with her to Regentia Lifestyle Planning.

Crypto regulation in the UK: what are stablecoins?

The rationale behind the legislative approach was, along with other jurisdictions, to bring cryptoassets into the same regulatory perimeter as other asset classes.

Insurance intermediaries: mandatory follow-up documentation to be submitted to FINMA by the end of June 2024

Insurance intermediaries who submit their follow-up documentation by then may continue to operate as insurance intermediaries until FINMA decides whether they meet the registration requirements.

Ireland’s super rich have ‘duty’ to pay more tax, says Oxfam Ireland CEO amid calls for wealth tax

In a turn for the books, a growing number of the world’s super rich are demanding their respective governments make them pay more tax.

Legal,Regulation,Tax & Compliance