Managers of Wealth

Developed nations ‘unlikely’ to meet sustainable development goals

The OECD's secretary general says more needs to be done if the 2030 target is to be met

UBS Is Poised to Settle Tax Case With Italy for $110 Million

Rival Credit Suisse Group AG in 2016 agreed to pay 109.5 million euros to Italian authorities investigating the bank’s past use of insurance policies, allegedly to help clients evade taxes.

Could New SFC Rules Push More Taiwan Clients to Singapore?

Whilst many sophisticated Hong Kong and mainland China clients are unlikely to shift preferred locations merely due to tightened access to the product universe, Taiwan clients have already shown willingness to book in either or both booking centers.

Swiss corporate tax reform approved by popular referendum

The tax reform is intended to safeguard the appeal and competitiveness of Switzerland as a business location and secure jobs and tax receipts in the medium to longer term.

SFC Rules: Five Things to Watch Out for Wealth Managers

A once popular channel, especially for Greater China’s sophisticated investors, the clampdown will test banks appetite

Fraud firm run by Norwich brothers declared in default

A number of IFA firms are included in the most recent list, as well as a business called Vantage Investment Group.

Graham Bentley: FCA’s work on the advice gap cannot come soon enough

The great majority of those businesses were therefore built on revenues earned from initial and ongoing commissions attached to selling products, and indeed continued to benefit from the trail for another three years.

Reasons why Guernsey’s going green

Green finance, Guernsey Green Finance, is about financing climate change mitigation projects.

HMRC finds widespread confusion over IHT rules

HMRC found that older people who had substantial wealth or who intended to leave a large inheritance, and were therefore likely to be affected by IHT rules

Wealth management boss jailed for a decade over £14.5 Ponzi fraud handed FCA final notice

David ran a legitimate HBFS business parallel with his fraud, in which he convinced investors, some of which he knew personally as friends, that their funds were held in high-interest bank accounts offering between four and eight per cent annual interest.

Similarity of phones in alleged UBS insider trading case a ‘coincidence’

Former compliance officer says day-trader friend provided mobile phone to keep in touch

TMF Group named a ‘Major Contender’ in finance and accounting outsourcing

At TMF Group we focus on providing a simple yet flexible one-stop-shop for international firms, and it is great to see this value recognised by a respected analyst.

No Safe Havens 2019

HMRC’s strategy for offshore tax compliance.

HMRC toughens position on use of offshore trusts to avoid tax

HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs

The IoF updates its GDPR guidance – what's changed?

The focus of the guidance remains on how charities decide on which lawful basis of processing personal data they should rely on in a particular situation.

Story-making, compliance, green finance – lessons from Hong Kong's latest sustainability conference

There has been a global change in the perception of "sustainability" and where it sits within business.

Will a carbon-added tax help save the world? by George Bull

Taxes won’t cure all of the world’s ills, but they might help with some of them.

UBS Hones French Defense Plan

The Swiss bank was ordered to pay 4.5 billion euros ($5 billion) in fines and other charges.

International Client - A round-up of the tax issues affecting international clients

Our article looks at the economic substance requirements.

How Guernsey is part of the British financial services family

Some £35 billion from Guernsey investment funds is invested into UK assets

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