French banking giant Société Générale is to repay more than $11m to customers in Hong Kong after the City watchdog reprimanded it for overcharging on certain over-the-counter investment products sold by its wealth management division.
The proportion of business focused on tax wrapped investments is likely to fall from 21% in the pre-retail distribution review UK market to 13% in 2013, according to a survey of advisers carried out by Defaqto, the financial research organisation.
As the very public inheritance row involving Frances richest woman, L’Oréal heiress Liliane Bettencourt, and her daughter might suggest, the younger generation does not always react with deferential gratitude to the share of the family fortune they are allocated.
Iain comments on how London & Capital specialises in ensuring that US citizens are compliant with the US authorities, in contrast to the many other advisers who do not want to know. He also give an insight into why FATCA is a misnomer and another act has more relevance.
Find out where Iain draws on the line reducing the tax bill for London & Capital clients and the specific role that wealth managers can play in tax planning so as not to steal the thunder from accountants. Iain is a huge fan of keeping advice simple and he highlights how he sometimes has to…
Iain Tait, head of private clients and partner at independent wealth manager London and Capital explains how the business acquired a reputation from its early days for dealing with international clients, many of whom are South African and American citizens. Iain also outlines the meandering journey that has led to London and Capital building a…
Protesters who have been occupying a plaza beneath HSBCs Hong Kong Central district headquarters have been given two weeks to respond to a lawsuit seeking to be allowed to oust them.
Sterlings safe haven status caused its value against the euro to soar, while the US dollar powered ahead against nearly all currencies. Low confidence in the euro looks set to continue with further falls in coming days. Moneycorp takes you through last weeks currency movements.
Individuals and businesses on the Isle of Man have until 7 Sept to comment on a range of elements of the island’s tax strategy, including whether its current 10% corporate tax rate should be widened.
Standard Chartered, the UK-based, globally-focussed banking group, yesterday unveiled details of what it said was an enhanced online banking foreign exchange service, which it said gives corporate clients in the UAE, Bahrain, Qatar and Oman access, via its internet portal, to some 130 currencies.
Banks in the United Arab Emirates have been told they must hold the equivalent of 10% of their liabilities in high quality liquid assets, such as cash, central bank certificates of deposit and UAE government bonds, beginning in January.
Paul Evans, managing director of Dubai-based, multi-jurisdictional QROPS administrator Brooklands Pensions, looks at what HMRC was thinking when it tightened up the QROPS regulations
