Managers of Wealth

‘All systems go’ as FATCA registration deadline looms

Wealth management firms are making final preparations for the introduction of US tax regime

US Banks to Hand Over Evidence in Tax Probe

Banks in this part of the program, dubbed category 2, agree to comb through their books and compile information about how they set up Swiss accounts for U.S. clients.

Probe into AMT clients’ funds

AMT is one of the country’s largest independent investment firms, advising in the region of 280 clients with assets valued at between €28m and €30m under management.

Gold Bullion Storage Solutions For Gold "Bugs"

The report indicated that financial market turmoil and a fast-growing interest in gold investment was creating continued high interest in bullion investment, but the problem for investors has been major changes to US regulations affecting the storage of t

Swiss team to discuss revision of dual taxation treaty: Visit likely by August-end

The Cabinet had given its approval for renegotiating Pakistan-Switzerland Avoidance of Double Taxation Agreement.

Banker’s wife arrested after their three disabled children are found dead at home

Her City banker husband Gary was flying home today

Discount deals: which platforms are cleaning up?

In the old world of fund manager kick-backs, the size of rebate was related to the size of platform

FCA appoints two new senior advisers focused on competition and investment banking

David Saunders and Gunner Burkhart have been appointed as senior advisers at the Financial Conduct Authority.

Leading UK law firm Expands Private Wealth Team

Her appointment reflects our ongoing investment in private wealth services

FSCS levy hike reignites debate about how costs are apportioned

It is a move that has prompted concerns

UBS And Morning Star Offer Solvency II Service For Funds

A unit of UBS is collaborating with research firm Morningstar to help asset managers calculate solvency capital requirements (SCRs) under the Solvency II regime at the fund level.

FATCA will still take effect amongst OECD proposed agreement

The Global Organisation for Economic Cooperation and Development’s proposed standard information exchange does not change the FATCA deadline.

Switzerland: You can dodge, but you can’t hide

As Swiss banks wait for the US authorities’ tax evasion spotlight to fall on them

FBI uncovers vast bunker hidden beneath Washington state home of fugitive Romanian tax scammers

The FBI released photos of an elaborate underground bunker discovered when feds raided their home last month.

HMRC to sell taxpayers' financial data

The personal financial data of millions of taxpayers could be sold to private firms under laws being drawn up by HM Revenue & Customs in a move branded "dangerous" by tax professionals and "borderline insane" by a senior Conservati

US fight over adviser fiduciary rules nears end

While debate in the US wealth management sector regarding improved fiduciary responsibilities for advisers appears to approaching resolution, the price of this resolution is that it has retreated back to just improved disclosure rules.

Switzerland Consults On Revised Rules For Expats

Switzerland has launched a three-month hearing on planned changes to the nation's ordinance governing expatriate tax deductions.

Credit Suisse rebuffs foreign exchange probe

Swiss bank Credit Suisse has found nothing "materially untoward" in how it trades foreign currencies

The FCA Business Plan and Risk Outlook 2014 for asset managers - Eversheds

We have identified below the main themes from these publications which are relevant to our asset manager clients to enable you to better prepare for regulatory scrutiny in 2014.

Swatch Compares UBS Funds to ‘Rotten’ Sausages in Swiss Court

UBS AG failed to properly disclose risks it took with Swatch Group AG’s funds and should be held responsible for the losses that followed, the watchmaker argued in a Swiss court.

Legal,Regulation,Tax & Compliance