The marriage of late comedian Ken Dodd to his long-term partner, and the fact that HM Revenue & Customs lost out on nearly £3m ($4.2m, €3.4m) as a result, has prompted questions about the timing of financial planning, especially so-called “deathbed planning”.
The asset and wealth management industry is about to usher in a period of disruption, with cyber security threats a big concern, chief executives across the sector have warned.
The final joke was on the UK taxman, as Liverpudlian comedian Sir Ken Dodd married his partner of more than 40 years just days before his final curtain, ringfencing his fortune from IHT.
Regulation is only “one piece of the puzzle” in addressing financial services culture, according to the UK Financial Conduct Authority (FCA), which has released a paper it hopes will create debate and promote a positive change in the industry.
Increasing numbers of middle income earners in the UK are being hit by the reduced lifetime allowance (LTA), with a 40% increase in people triggering an extra tax charge in tax year 2016/17, according to Old Mutual Wealth.
It is now less than a year until the Isle of Man Conduct of Business Code comes into force, International Adviser spoke to several firms headquartered on the island to see how they are preparing for the introduction of the regulation.
The discrepancy between the average pay of male and female asset managers is gaining considerably more traction in 2018. But does the industry care enough about closing the gap? Or is this another box-ticking exercise?
Independent advisory firm Globaleye has partnered with the London Stock Exchange Group (LSEG) Academy to provide financial training in the UAE and wider Gulf Cooperation Council (GCC) region.
Time is running out for anyone with undeclared offshore assets before tougher penalties kick in giving HM Revenue & Customs more time to investigate when people have failed to declare the right amount of tax.
The UK’s National Crime Agency has secured the first unexplained wealth orders to uncover if two properties are ultimately owned by a politically exposed person, less than a month after the legislation was introduced.
Six law firms are being investigated for money laundering failures, prompting the Solicitors Regulatory Authority (SRA) to warn lawyers that they need to do more.
The chickens have come home to roost for baby boomers and they should be taxed more to create greater fairness between the generations, a UK politician has argued.
