HMRC: 10,000 take up NDO
HM Revenue and Customs has revealed around 10,000 people have notified them of their intention to disclose undeclared offshore income and gains under its new disclosure opportunity (NDO)…
Industry
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Gibraltar reaches deal with UK government over Qrops
The UK Treasury has agreed to recognise Gibraltar Qrops, following high level talks between Treasury officials and Gibraltar chief minister Peter Caruana, sources told International Adviser. A spokesm
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Investec adds three funds to GSF range
Investec Asset Management has launched three Luxembourg-domiciled Ucits III funds within its Global Strategy Fund range…
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Lombard restructures to create private wealth team
Luxembourg-domiciled Lombard International Assurance has restructured its operations to create a Private Wealth Solutions and Marketing department.
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Italy extends Scudo Fiscale to April
The Italian Government has extended the deadline for its offshore tax amnesty, the Scudo Fiscale, to April and introduced a sliding scale for penalties based on when disclosures are made.
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Barclays Cap launches FTSE 100 linked structured products
Barclays Capital has launched two structured products providing protected exposure to the FTSE 100 Index, for use within both offshore and UK onshore life insurance wrappers.
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Royal London appoints Malaysian sales consultant
Royal London 360° has appointed Steve Noon as regional sales consultant for Malaysia to help build and maintain relationships with IFAs based in the region…
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Long-running Alhamrani case in Jersey ends in settlement
The long-running case involving members of a wealthy Saudi Arabian family who sued JPMorgan (Jersey) Trust Co was quietly settled out of court in September, it has been learned.
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Cayman Gov’t outlines immigration incentives
The Cayman Islands’ Government has confirmed it is considering implementing a number of immigration incentives to avoid an exodus of foreign investment professionals based on the island…
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FEIFA membership grows as body plans first conference
Membership of FEIFA, the trade body that represents English-speaking IFAs operating in Europe, has grown to almost 150 in less than six months.
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Middle East visit for Luxembourg royal
The Crown Prince of Luxembourg is preparing to visit Bahrain and Dubai next week in a bid to encourage greater investment from UAE fund managers into Luxembourg-domiciled funds.
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Focus turns to Liechtenstein as accountants report limited take-up of offshore tax amnesty
As the midnight deadline for HM Revenue & Customs’ New Disclosure Opportunity approached today, tax experts said attention was turning to the government’s other, less onerous offshore tax amnesty, f