Managers of Wealth

Is tax management top of mind?

This means many clients are likely missing out on tax management opportunities available throughout the year.

Birmingham-based British Steel advice firm failed by the FSCS

BlueSky Wealth Management was placed into liquidation in April

FCA slams financial promotion exemptions for HNW individuals

Regulator says the exemptions result in consumer harm

AJ Bell reports 'strong' results with 50% jump in pre-tax profits

33% increase in revenue

How the US tax evasion crackdown impacted Swiss banking

US action against Swiss banks started in 2009 with UBS paying out $780 million to defer a tax evasion prosecution.

Nucleus Wrap customers to benefit from another cut to standard platform charge

The rate cut is effective from 1 December and is the second major investment in reducing price for customers in the last 18 months.

Here’s why Switzerland may not go for a minimum corporate tax rate

The tax rate was expected to be around 15% at the time.

Global regulatory update Q3 2023

Those updates covered a range of topics from environmental, social, and corporate governance to digital assets, anti-money laundering, counter-financing of terrorism and changes to several major regulations.

Digital asset manager receives Finma license

The company continues that the approval process was time-consuming and was carried out on its own initiative.

PIMFA to work with FCA on proposed ‘polluter pays’ model for personal investment firms

We look forward to engaging with the consultation process and would urge the FCA to be mindful to the fact that, at least initially, firms will face the prospect of two charges by way of the FSCS levy and the requirement to hold additional capital as prop

PIMFA welcomes FCA proposals for Sustainability Disclosure Requirements

Investment labels will help match investors with the funds that are right for them, and the added Sustainable Mixed Goals label will address the problem of funds with multi-asset strategies.

BCC Iccrea Group and BNP Paribas Cardif sign a strategic partnership for life insurance in Italy

The proposal submitted by BNP Paribas Cardif, the insurance arm of the BNP Paribas Group stands out in terms of product range

Expat investors to drive growth of SJP's Dubai wealth business, says COO

UK wealth manager St James’s Place opened its third international office and first in Dubai to cater to the growing expat population in the UAE.

Wealthy Spaniards “fleeing” to Portugal

It was on November 7th that the Spanish Constitutional Court gave the “green light” to the tax on large fortunes, which is levied on assets exceeding three million euros, with exemption for the first 700 thousand euros.

Beijing police investigate major Chinese shadow bank Zhongzhi after it says it's insolvent

Police are investigating a Chinese wealth management company owned by Zhongzhi Enterprise Group days after the firm told investors it was insolvent

PIMFA welcomes reforms to ISAs including proposals to allow fractional share ownership

Of more interest is the Government’s stated intention to permit certain fractional share contracts within ISAs.

Expats in the UAE: understanding the new tax residence rules

It was suggested that they had not truly moved their life and were not spending enough time there.

Hundreds of investors call for probe into FCA's handling of Woodford saga - reports

Days before redress scheme vote ends

Shakira tax fraud case highlights perils of cross-border tax requirements for ‘nomadic’ UHNWs

Shakira settled a €14.5 million bill in Spain that hinged on where the singer lived during the disputed period.

Withers wins £3m refinancing dispute for wealth management client

We successfully obtained judgment against the companies during the disclosure stage of the proceedings.

Legal,Regulation,Tax & Compliance