Legal

2116 articles found

Legal

Patriotic Millionaires urge wealthy Britons to pay more tax

Postcards designed by The Walking Dead illustrator and Patriotic Millionaires UK member invite wealthiest Londoners to join the fight for a stronger, fairer, and more optimistic Britain.   “There’s no place like home” – that’s the message being delivered to wealth holders by Patriotic Millionaires UK. The organisation, made up of millionaires who want to […]
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Legal

Vincenz Case: The Zurich High Court’s Risky Gamble

Just weeks before the start of the appeal proceedings against former Raiffeisen chief executive Pierin Vincenz, a new legal dispute is taking shape. The Zurich High Court has rejected a request to stay the proceedings, thereby taking a considerable risk.   The Pierin Vincenz case is one of the largest white-collar criminal proceedings in recent […]
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Legal

Tax gap widens as the complexity of the system starts to bite

If you are covering HMRC's new tax gap data, please see the following comment from Rachael Griffin, tax and financial planning expert at Quilter: HMRC’s latest provisional tax gap estimate suggests UK tax compliance has weakened, with 93.6% of tax collected in 2024–25 and a gap rising to 6.4%, equivalent to £59.2 billion. After years […]
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Legal

How could China's investment curbs shift wealth between Singapore and Hong Kong?

Concerns that China’s tighter outbound investment rules will hurt Singapore banks’ wealth management business are overdone, according to Maybank Research Pte. Ltd.   “For Singapore banks, the direct impact should be limited,” Thilan Wickramasinghe, an analyst at Maybank Research, said in a report.   He said Singapore banks have limited exposure to wealth generated within […]
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Legal

Chlöe Swarbrick pressed on how wealth, inheritance taxes would work

Green co-leader Chlöe Swarbrick has been questioned about how soon inheritance tax would have to be paid under their proposed policy, and what would happen with any inherited second or investment properties.   Entitled 'A Tax System for All of Us', yesterday the party annoucned a proposed wealth tax on net assets above $10 million […]
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Legal

A new manager at the Federal Reserve

At a glance Central banks remain cautious on inflation despite easing geopolitical tensions.  Policymakers are increasingly focused on domestic conditions. The Fed’s hawkish tone suggests officials are not yet convinced inflation is on a sustainable path towards their targets. As the football world focuses on managers selecting their best eleven players for the World Cup, […]
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Legal

Proposed Dual Share Class Structure

The Board of Partners Group Private Equity Limited has announced a proposal to introduce a dual share class structure designed to provide shareholders with a choice between continued long-term participation in the Company's investment strategy and/or a defined pathway to liquidity over time, with future liquidity events to be effected by reference to the prevailing […]
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Legal

Northern Trust Receives Approval for New EU Banking Branch in Ireland

Northern Trust has announced that it has received a licence from the Central Bank of Ireland for the establishment of The Northern Trust Company, Ireland Branch (Ireland Branch).   This new banking branch will provide a range of custodial, banking and capital markets services, including domestically regulated banking services for Ireland-domiciled clients. Its activities will […]
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Legal

Rathbones Group: Regulatory update

Rathbones Group Plc has announced that it has undertaken a Skilled Person Review following engagement with the Financial Conduct Authority (“FCA”).    The review has identified areas for improvement within the Group’s UK Wealth Management business regarding the implementation and embedding of Consumer Duty, as well as certain aspects of its compliance, oversight and assurance […]
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Legal

Finma supervisory levy continues to cause heated debate

The asset managers' association criticizes the level of the supervisory fee and demands concrete measures from FINMA to increase efficiency. At the same time, it acknowledges that the supervisory authority is actually already on the right track in this regard.   The amount of the annual supervisory fee levied by the Swiss Financial Market Supervisory […]
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