Managers of Wealth

HSBC Switzerland gains fair employer certification

The international private bank wants to be an employer of choice.

Swiss bank accuses Macquarie of distorting valuations for higher fees

It is heavily in debt, and has struggled to pay employees this year.

PIMFA urges Financial Conduct Authority to provide firms with the confidence they need to offer a Simplified Advice model

This will ensure that the advice given is focused on a specific outcome and client need, rather than taking consideration of the client’s wider needs and objectives which is currently required were they providing holistic advice.

FSB recommends further strengthening of the framework for global systemically important banks in Switzerland

The review examines Switzerland’s implementation of the FSB’s TBTF reforms for G-SIBs.

Amundi Turns Against Swiss Franc as Central Bank Intervention Seen Done

The low-yielding franc has already tumbled nearly 3% against a basket of major currencies in 2024

Deferral of German exit taxes when moving to Switzerland

The German Federal Fiscal Court (BFH) recently passed a landmark decision on exit taxation, concerning the deferral of taxes for individuals moving from Germany to Switzerland.

Never mind the Budget: As UK tax burden hits record highs - seven ways to give yourself a tax cut

The highest earners are also restricted by the tapered annual allowance

IQ-EQ wins ‘Best Regulatory Reporting Solution’ at Fund Intelligence Operations and Services Awards 2024

IQ-EQ was awarded ‘Best Regulatory Reporting Solution’, rewarding our commitment to providing top-tier regulatory reporting services to the global market.

ZEDRA and Knowa announce pioneering sole trustee governance collaboration

This collaboration introduces significant advancements in governance practices

UAE Gets the All Clear From the FATF

The wealth management boom in the Middle East can continue unimpeded, with a significant obstacle now being moved out of the way.

ESG ratings agreement marks a “crucial” step, but “gaps” exist: Efama

ESG rating providers will also not be allowed to provide credit rating, auditing or consultancy services to avoid conflict of interest, it pointed out.

The Bahamas Removed From The European Union’s List Of Non-Cooperative Jurisdictions For Tax Purposes

The removal of The Bahamas from the EU’s list clearly underscores the significant progress made over the past year

Revealed: The 36% boom in Swiss-domiciled funds

While Luxembourg-based funds have won the preference of most European countries, Switzerland has diverged.

UBS's response to the lawsuit delivered to our law firm

This comprises almost 150 pages plus extensive appendices.

Credit Suisse officials, KPMG beat US lawsuit over bank's demise

KPMG was accused of "active complicity," with its New York offices being "all but part of" Credit Suisse's nearby offices, before PricewaterhouseCoopers became the bank's auditor in 2020.

Will Hunt move on income tax or National Insurance, inheritance tax or stamp duty?

Changes to stamp duty land tax relief are still due to be reversed from 31 March 2025, and pressure on the Government to make the changes permanent has grown.

Close Brothers halts dividends amid 'uncertainty' over FCA motor finance review

Potential reinstatement in 2025

Alternative fund managers face a growing threat from money laundering risks

Alternative fund managers are looking at other ways in which they can improve their AML defences in a cost-effective way

Changes to FCA rules: Navigating Financial Promotions in 2024

Effective from 7th February 2024

Comco report on the CS takeover takes a victory lap

This has now apparently resulted in delays in publication.

Legal,Regulation,Tax & Compliance