Managers of Wealth

Asset managers face uphill battle to make Eltifs a success

The proposed regulatory technical standards have the potential to derail the market.

How high-net-worths might be impacted by HMRC’s new ‘side hustle’ crackdown

Those who sell or trade luxury goods may well find themselves facing fines

A stronger voice for workers in EU-based multinational companies

These Councils ensure that employees are involved in decisions related to transnational issues, like re-structurings.

Progeny partners with Alpha FMC to design next generation advice journeys

All findings will be translated into an action plan to be implemented throughout 2024 and beyond.

Not done your tax return? Unclaimed pension tax relief is a major reason to do so

It is therefore very unwise to leave this until the final couple of days, as you may need a few days to juggle money around.

To bundle or not to bundle? UK’s Investment Research Review in favour of ‘rebundling’ research fees with execution costs

It used to be that investment research was funded by trading commissions paid by asset managers who then expensed these costs to their end investors.

EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms

The EU last year finalized legislation on the transfer of funds via digital assets alongside its landmark Markets in Crypto Assets (MiCA) regulatory package.

PolicyStreet Granted Takaful Operations Authorization by Labuan Regulator

The Takaful industry in Malaysia is experiencing rapid growth

Majority of advisers plan to increase clients’ exposure to AIM over the next 12 months

The three most important reasons for the highly positive sentiment towards AIM is primarily because advisers believe it offers investors unrivalled access to exciting smaller companies with new technologies and new business models.

Could HMRC’s ‘side-hustle’ crackdown impact HNWs?

The sale of luxury goods on second-hand online marketplaces could come under scrutiny

Chinese wealth manager Zhongzhi files for bankruptcy liquidation

The court said it accepted Zhongzhi's bankruptcy liquidation application in accordance with China's enterprise bankruptcy law.

UHNWs brace for tax reform in election year

Non-dom status and IHT are set to be front and centre on the political stage. Tax advisers share how clients are already taking action

Allen & Overy advises Edmond de Rothschild on a strategic agreement with Apex Group

This supports Edmond de Rothschild’s strategy to focus on its core areas of expertise in private banking and asset management.

Financial Scandals Run Amok in Asia

Numerous banks have been used by the suspects in some form including UBS, Deutsche Bank, Citi, CIMB, DBS and Bank of Singapore.

Schroders supports FCA’s proposed UK listing rules

These important changes are most welcome.

Tax evasion: Swiss banker pleads guilty

U.S. taxpayer clients paid IHAG and others high fees for helping them hide their funds and assets and evade taxes

Julius Baer Probed by Regulator Finma Over Signa Risk Lapses

Finma itself has faced criticism this year following the near-collapse of Credit Suisse.

Seasonal tips for getting self-assessment right and completing that tax return by 31 January

If you do not have a tax adviser to prepare your return for you, Toby Tallon, tax partner at Evelyn Partners has the following seasonal UK tax return tips.

HMRC’s Christmas Nudge: Pandora Papers

With the festive season fast approaching, HMRC has released the latest round of nudge letters urging taxpayers to review their tax affairs in light of the Pandora Papers data leak.

Unlicensed Zurich IAM accused of fraud

Wetzikon-based Zwide has been accused of copying an independent asset manager in Germany.

Legal,Regulation,Tax & Compliance