Royal London 360° pulls trust from market after PBR ban
Royal London 360 has pulled one of its trusts from the market after it was hit by the government’s closure of an IHT loophole.
Industry
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Sterling is the X-pat factor, as cash-strapped Britons abandon the Eldorado dream
UK expats are increasingly throwing in the beach towel on their expatriate dreams, as the weak pound has sent the cost of living in the eurozone soaring, according to recent data from reallymoving.com
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Standard Life Investments offers multi-asset target return strategy to Australian investors
Standard Life Investment’s (SLI) Global Absolute Return Strategies (GARS) ‘solution’ has been made available to Australian investors.
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Foot Review author Michael Foot to speak at event in Isle of Man
Michael Foot, the author of a major independent review of British offshore financial centres for the UK Treasury published in late October, will speak at a Manx State of the Nation Conference next mon
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Jupiter launches China Sustainable Fund in Sicav
Jupiter Asset Management has launched a China equity fund into its Luxembourg Sicav – 10 months after first considering the move.
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Landsbanki depositors stage protest in Guernsey
Depositors who lost money in Landsbanki Guernsey held a protest outside the islands Government House today (Oct 7), a year to the day after the bank collapsed.
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RBC Wealth Management ramps up Asian operations
Royal Bank of Canada has consolidated its Far Eastern operations under a single brand, RBC Wealth Management Asia, and appointed a president and chief executive of the newly unified business.
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Budget reveals anti-tax evasion and avoidance measures, plus 50% bonus tax
UK Chancellor Alistair Darling today unveiled the 2009 Pre-Budget Report, in which he said new measures to tackle tax avoidance and evasion would be implemented, as well as a 50% tax on any bonus wort
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Commission disclosure edges closer in Hong Kong
Hong Kong’s regulator, the Securities and Futures Commission (SFC), is to push ahead with proposals to make intermediary commission disclosure mandatory as part of a wider beefing up of its investor p
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‘Draconian’ 200% tax penalty for offshore evaders
A 200% penalty will be imposed on tax evaders with offshore bank accounts who fail to declare under the New Disclosure Opportunity (NDO), it was announced in the Pre-Budget Report today (Dec 9th).
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Investors continue to pile into Ucits funds as confidence returns
Net inflows into Europe-domiciled Ucits funds reached 38bn in July, contributing a 4% rise in Ucits and non Ucits assets over the month, according to the European Fund and Asset Management Associatio
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Tax evaders can now disclose online, says HMRC
HMRC has warned tax evaders they face “much higher penalties” and “full investigation” if they fail to come forward under the New Disclosure Opportunity (NDO), through which fines in most cases will b