Managers of Wealth

Business Property relief a benefit in family succession says Wilsons

The band, which sets out the level up to which no Inheritance Tax is applied on an inheritance.

New Global Private Client Practice launched

The Global Private Client Practice advises families, family offices and trust companies on tax, business and other legal issues as they interact with the United States.

Gresham House PLC Launch of new investment platform

Berkshire will conditionally subscribe for up to a maximum of 2,546,372 new Ordinary Shares

HSBC Boosts CEO Gulliver's Pay as Bank's Bonus Pool Drops 12%

He received 64 percent of his potential bonus, while he will also get a new long-term incentive that could be worth 4 million pounds for 2016 if all targets are met by 2019.

AIA forms new asset management entity to serve group businesses (Amended)

AIA Singapore's former chief investment officer Cheong Poh Kin has been appointed chief executive of AIAIM and will lead the team of investment professionals.

The Vatican froze €2 million in funds suspected to be connected with money laundering in 2016

Milano gave no details in his speech but added that the total amount of suspect money frozen between 2013 and 2016 was about 13 million euros.

Has the Art Market Become an Unwitting Partner in Crime?

But some experts are now saying this sort of discretion — one founded in a simpler time

Italy: a new non-dom system for HNWIs

Moving to Italy could be your first step for more efficient wealth management and succession planning.

What Is A Perpetual Tourist? (How Never To Pay Personal Taxes)

The perpetual tourist has citizenship in a jurisdiction that does not tax monies earned outside the country.

Asset management study: 5 things OMGI told the FCA

The FCA also stated that investors are not always clear what the objectives of funds are

Spain’s Princess Cristina Found Not Guilty In Tax Fraud Case

King’s sister acquitted, but husband Iñaki Urdangarin given six-year jail sentence on charges including fraud and tax evasion

UBS France Said to Be Charged With Harassment Amid Tax Probe

The French unit faces allegations that Forissier was forced to work under difficult conditions

A view from Jersey and Guernsey

As a result, the MLP should simplify local regulatory requirements for structures which choose to be AIFMD complaint.

Why China’s Richest Worry About Moving Money Abroad

Affluent asset-holders are finding strict foreign exchange rules are bad for their wealth.

When the Wall of Secrecy Collapses

The NYT Articles reads like a novel that is a real “page turner”.

1MDB: Emboldened Trusts Wrangle Over Jho Low Assets

Low is fighting in Los Angeles court to keep those assets, exposing an unseemly side of the private banking and trustee industry that is usually kept out of sight.

Do these 8 men really have as much money as half of world’s poor?

The bottom line is that the rich are getting richer and the poor are getting poorer.

Staying relevant in a new insurance landscape

Who says this will then influence the way advice gets given, as well as how it is remunerated.

UBS France Said to Be Charged With Harassment Amid Tax Probe

The people asked not to be named as the status of the case is confidential.

JPMorgan to HSBC Face Fines in S. African Rand-Rigging Probe

It referred the case to an antitrust tribunal, concluding an investigation that began in 2015.

Legal,Regulation,Tax & Compliance