July 31, 2013
HK QROPS to be delisted
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HMRC have decided to delist a number of Hong Kong-domiciled QROPS as we have been saying they would for some time. I personally believe that is very positive move for HMRC and financial advisors. HMRC have decided to delist a number of Hong Kong-domiciled QROPS as we have been saying they would for some time. I personally believe that is very positive move for HMRC and financial advisors.
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July 30, 2013
Over the last few days, executives from several high street and online retailershave been publicly locking horns over plans to introduce an online sales tax. Over the last few days, executives from several high street and online retailershave been publicly locking horns over plans to introduce an online sales tax.
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July 25, 2013
Lehman pensions case: a much needed reality check The bankrupt groups Lehman Brothers and Nortel Networks (a Canadian telecoms organisation) won a landmark case in the Supreme Court yesterday over The Pensions Regulator’s (TPR) assertion that pension members should be given priority over the firms’ other creditors. Lehman pensions case: a much needed reality check The bankrupt groups Lehman Brothers and Nortel Networks (a Canadian telecoms organisation) won a landmark case in the
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July 18, 2013
The number of people saving into a private pension has slumped to a record low, according to new Office for National Statistics data.
The figures reveal that only 35 per cent of men and 32 per cent of women under 65 years old paid into a private pension scheme in 2011-2012.
The number of people saving into a private pension has slumped to a record low, according to new Office for National Statistics data.
The figures reveal that only 35 per cent of men and 32 per
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July 15, 2013
Good news: FATCA delayed. Again.
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The announcement that America’s Internal Revenue Service (IRS) is giving non-US financial institutions a further six months to comply with its controversial Foreign Account Tax Compliance Act (FATCA) programme is another sure sign that this flawed tax act is –thankfully - unravelling. The announcement that America’s Internal Revenue Service (IRS) is giving non-US financial institutions a further six months to comply with its controversial Foreign Account Tax Compliance Act
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July 10, 2013
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July 10, 2013
Yesterday we officially confirmed the acquisition of Acuma, one of the most successful wealth management firms in the United Arab Emirates, after sealing the purchase deal late last week. Yesterday we officially confirmed the acquisition of Acuma, one of the most successful wealth management firms in the United Arab Emirates, after sealing the purchase deal late last week.
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July 3, 2013
In under six months’ time Washington is hoping to implement its highly contentious and, in my view, utterly toxic Foreign Account Tax Compliance Act (FATCA).
FATCA, as you’ve probably heard by now, will require every foreign financial institution (FFI) in the entire world to report all their American clients' financial activities to the IRS. Failure to do so by any FFI will mean that they will face heavy penalties and effective exclusion from the US
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July 2, 2013
60% returns in just three years
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I am always delighted to see our Clients benefit from some of the highest investment returns available in the market. In particular I have put considerable effort and resources over recent years into securing the best available Structured Notes propositions for deVere Clients. One such product, the RBS Autocallable 3 Note has matured early today and will return to investors a staggering 60% growth over just 3 years. I am always delighted to see our Clients benefit from some of the
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July 2, 2013
QROPS 400 Schemes Delisted
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iExpats has reported news that 400 QROPS have been de-listed as HMRC seeks to review all recently recognised schemes.
As I stated recently on my blog HMRC have recently tightened the rules
which can only be good for the clients and the financial services industry. iExpats has reported news that 400 QROPS have been de-listed as HMRC seeks to review all recently recognised schemes.
As I stated recently on my blog HMRC have recently tightened the rules
which can only be good for the clients and the financial services industry.
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