Managers of Wealth

Octopus breathes sigh of relief as £4.5bn saved from IHT selloff

The asset manager’s large IHT portfolios were not overly punished in the Budget despite the tax relief available on its AIM portfolios being halved from 2026.

What does the Budget 2024 mean for the wealthiest UK taxpayers?

As the dust settles on the Budget 2024, advisers from the Spear’s network give their insights into the impact the government's tax policies will have on Britain's HNWs and entrepreneurs

Search for lower taxes spike from wealthy ahead of UK Budget

Rachel Reeves, Chancellor of the Exchequer, outlined her Budget today which may contain various tax rises for UK residents which Canaccord say has been causing concern for their wealthy clients.

A new fiscal landscape: how Labour’s budget impacts wealthy taxpayers

The government’s Budget measures are predicted by the independent Office for Budget Responsibility to generate nearly £40 billion ($52 billion) in additional revenue in the 2025/26 tax year.

PIMFA welcomes 600 professionals at launch of customer vulnerability guide

The event began with welcome remarks from Paul Geddes

Exit tax would not stop flight of wealthy

With the Budget set to hit wealth creators, high net worth individuals and non doms, there are concerns the Chancellor could be eyeing up an exit tax

From capital gains to inheritance tax, what the budget means for Britain’s wealthy

Ahead of Rachel Reeves' 30 October Budget, experts from the Spear's network share their insights into the likely impact of these potential tax changes on the UK’s high-net-worth community

China is now enforcing offshore income tax. Should private bankers be worried?

“Offshore income has largely been ignored by the tax authorities, but, obviously, that is changing,” a Hong Kong-based wealth advisor told APB.

Structuring strategies for a changing tax landscape

This period of uncertainty has understandably led many clients to adopt a “wait and see” approach as they await the outcome of the upcoming Budget.

Flowbank Exposes Weaknesses in Asset Protection

Customer securities managed by Flowbank, while not part of the bank’s balance sheet, were expected to be transferred to another bank's custody relatively quickly.

‘Tread carefully’ on taxing the rich, warns Wealth Club

Ultra-wealthy individuals might move abroad if the tax system in the UK becomes too burdensome

ECB opens door to faster pace of cuts

President Christine Lagarde noted that ‘we will determine what is the best rate, what is the best speed, how far, how deep we have to go to return inflation to its 2% medium-term target.

The Government Council determines the compensation for the BKB state guarantee for the next four years

This was determined by the Government Council of the Canton of Basel-Stadt.

Ultra wealthy to feel tax crunch on overseas gains

They added that some of the targeted Chinese had at least US$10 million (HK$78 million) in offshore assets

UBS resolution reporting: recovery and emergency plans to be revised

FINMA is of the opinion that if the preferred restructuring strategy were to be applied, UBS could be resolved today by means of “single point of entry” recapitalisation.

Stephenson Harwood advises on sale of Whitley Asset Management to Cazenove Capital

WAM manages assets of approximately £1.5 billion on behalf of ultra-high net worth entrepreneurs and charity clients.

Less offshore secrecy is central to any boost from wealth taxes

A UK transparency levy would kick-start global efforts to make it harder to conceal business ownership and beneficiaries

Jersey for Sharia-compliant wealth management

In some cases, it is desirable for families to establish their own private investment structures to hold their investments.

Hogan Lovells advises Cazenove Capital, part of Schroders Wealth Management, on acquisition of Whitley Asset Management

Schroders Wealth Management is a strategic area of growth for Schroders plc.

UHNW women among economic abuse victims being failed by courts, family lawyers warn

The UHNW lifestyle 'lends itself' to incidents of economic abuse, say leading family lawyers from the Spear's network

Legal,Regulation,Tax & Compliance