UK pension freedoms trigger £9.2bn in outflows
The UK’s radical pension freedom reforms have led to over £9.2bn (€10.7bn, $11.5bn) getting encashed from pension plans since April 2015, HM Revenue & Customs revealed on Wednesday.
Author: Mark Battersby
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Former MD of Lumiere Wealth makes further court appearance
The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, has appeared in court for a fourth time and been granted bail.
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Hansard joins forces with IA regulated insurer in UAE
Hansard International has signed a strategic deal with a ‘major local insurer’ in the UAE which is regulated by the Insurance Authority.
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New plans for KBI Global Investors after Amundi deal
The ins and outs of KBI Global Investors’ recent tie-up with Amundi and the mutual benefits of the new ownership structure, as explained by director Geoff Blake.
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UK government rules out public registers for crown dependencies
A call from an influential government select committee for the UK’s overseas territories and crown dependencies to create central public registers of beneficial ownership has been rejected by the UK government.
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What it takes to run a successful adviser firm in South Africa
Ascor Independent Wealth Managers, voted best adviser firm in South Africa for International Adviser’s 2016 Best Practice Adviser Awards, started small in 2005.
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Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia property
The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m (£10m, €7.7m) on Australian Gold Coast property, the Guardian has reported.
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HMRC sees 80% leap in anti-avoidance tax take
HM Revenue & Customs boosted revenue from its counter-avoidance directorate by 80% last year, according to figures compiled by law firm Pinsent Masons.
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Key financial planning tips for international advisers in 2017
Opportunity knocks for financial advisers in 2017 as political, economic and regulatory turmoil leaves clients adrift in unknown territory and seeking advice, says Rachael Griffin, head of product law and financial planning at Old Mutual International.
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Meet the Warringtons part 5: LPAs and entrepreneurs relief
The fictional Warrington family faces a death in the family, grapples with lasting powers of attorney and inheritance tax mitigation in the latest case study from Edward Stone, partner at Irwin Mitchell Private Wealth.
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What it takes to make a successful adviser business
Providing best advice in a transparent way, with explicit contracts so that a client expectations are met, is a good starting point for this journey, says James Pearcy-Caldwell, co-founder of Aisa International.
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Portugal strikes Jersey and Isle of Man off blacklist
Portugal’s government has removed Jersey, Isle of Man and Uruguay from its latest blacklist of jurisdictions.