UK set for mass exodus of HNWIs in 2023
Australia, UAE and Singapore are the main hubs attracting high net wealth individuals
Industry
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HSBC to exit wealth market in New Zealand
Following the agreed sale of its Canadian operation
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Abrdn to revamp financial planning operation
Regional advice and financial consultant business models will be the focus of the arm
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£20m Ponzi scheme fraudster handed seven-year prison sentence
Many victims lost most or all of the money they had entrusted to him
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How EU beneficial ownership registers impact expats and TRS
Canada Life explores the difficulties for EU-connected clients
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Odey AM plots rebrand after boss toppled
Crispin Odey’s departure has sparked a shake-up as firms cut ties
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UK-based financial advice firm fails
As the lifeboat scheme confirms four companies were declared in default between April and May 2023
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HMRC writes to UK residents named in Pandora Papers leak
They have been warned to report all their overseas income and gains they owe tax on or face penalties
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Police launch appeal to find jailed £70m Ponzi investment fraudster
He has been handed a 14-year sentence but did not turn up to trial and is reportedly in Turkey or Dubai
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Evelyn Partners snaps up UK wealth manager
Acquisition boosts AuM by £739m
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Singapore advice firm hits $373m AuA after hiring spree
It has recruited seven former advisers at now-defunct AAM Advisory
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UBS completes acquisition of Credit Suisse
Deal offers clients ‘enhanced global offering, broader geographic reach and access to even greater expertise’