The five most in-demand investment trusts
The UK’s Association of Investment Companies has revealed the five most searched investment trusts on its website in 2017.
Best Practice
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‘Hitman’ using Facebook data in offshore Bitcoin scam
Jersey’s regulator and financial crime unit have warned of email threats to send hitmen to people’s homes unless they make a substantial payment in Bitcoins.
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French wealth tax restricted to real estate
French residents no longer have to pay a wealth tax on savings and investment income, after sweeping tax reforms came into effect limiting it to real estate.
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Next gen clients hungry for financial knowledge – study
Next generation clients believe if they had learnt financial planning skills at school they would have a better life, according to a Money Advice Service report which highlights the key challenges this segment is facing.
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Carillion collapse puts even more scrutiny on DB schemes
Carillion’s imminent liquidation and £587m (€660m, $805m) pension shortfall has put increased pressure on the UK Government to tackle the sustainability of defined benefit (DB) schemes in an up-coming white paper, according to an Old Mutual Wealth pensions expert.
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Double milestone for financial planner firm
City of London financial planning firm Investment Quorum has notched up a double milestone, celebrating its most successful year to date and a decade running an in-house investment management arm.
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Scots ignorant of international privilege
Unmarried Scots, even those who have lived abroad for long periods, have a right to raise a claim to a partner’s estate in the event of separation.
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All DB pension transfer firms face FCA grilling
The Financial Conduct Authority will collect data from every UK firm that advises on defined benefit (DB) pension transfers, as part of a probe into practices across the market.
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Expat Britons in Europe warned of ‘legal limbo’
Securing rights in EU countries ahead of Brexit in 2019 should be straightforward for Brits, but the reality is anything but, a study has found.
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Retirement income expectations hit record high
People retiring in the UK in 2018 expect to live on an average annual income of £19,900 (€22,425, $26,888), the highest figure since the global financial crisis, according to research from Prudential.
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10 steps to avoid being hit with 40% IHT in 2018
With inheritance tax payments hitting a record high at the end of 2017, the new year is a good time for advisers to ensure that clients are being as tax efficient as possible when passing on wealth to future generations, law firm Collyer Bristow has advised.
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HMRC penalty policy needs urgent clarification
UK taxpayers owning up to past mistakes could face a 10% fine, according to changes to HM Revenue & Customs’ penalty factsheets.