Multi-million debts seal rare stamp dealer’s fate
SG Guernsey, a wholly owned Stanley Gibbons subsidiary, has gone into administration with £70m in debts and leaving stamp collecting investors in limbo.
Regions
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What does fairer, simpler, more transparent trust taxation mean?
With the budget lacking much detail, the financial services industry has been left to ponder what the chancellor actually meant when he said the government will publish a consultation in 2018 on how to make the taxation of trusts simpler, fairer, and more transparent.
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Analysis: Advisers assemble to battle Brexit
Collaboration between advisers in the UK and Europe will be key post Brexit, with the EFPA’s first initiative being to ensure that IFAs will be able to convert their UK qualifications into European diplomas.
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Non-dom tax swoop could trigger exodus
Commercial property tax changes could lead to a UK non-dom exodus, international law firm Withers has warned.
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Global life premiums growth led by Asia acceleration
Global life premiums growth in 2018 and 2019 will continue to be carried by the strong performance of emerging markets, in particular China, as advanced markets continue to experience sluggish growth, according to a report by Credit Suisse.
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Clients in jeopardy as UK advisers drift towards greater risk
UK investors in balanced portfolios could lose as much as 20% following a significant market correction as financial advisers gravitate towards higher risk profiles within their standard portfolios, according to Natixis Investment Managers’ latest UK Portfolio Barometer.
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Mike Morrison remembered with PFS lifetime achievement award
Two weeks after his sudden death, the Personal Finance Society has honoured Mike Morrison, head of platform technical at AJ Bell, with its lifetime achievement award.
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International Adviser Best Practice Adviser Awards Middle East 2017
The winners in the Middle East for International Adviser’s Best Practice Adviser Awards 2017 series were revealed on 22 November at the Shangri-La Hotel in Dubai.
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Budget: Little pension change a ‘welcome respite’
It is “business as usual” for UK pensions as no major changes were included in the Autumn Budget by chancellor Philip Hammond, although some small tweaks were made to the lifetime allowance, asset management and the personal income allowance.
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Budget: HMRC handed more powers to assess offshore tax
HM Revenue & Customs will be able to assess offshore tax non-compliance dating back at least 12 years, triple the current system, under plans announced by chancellor Philip Hammond in the Autumn Budget on Wednesday.
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Sanlam acquires Uganda’s Lion Assurance Company
In a move to expand its visibility in east Africa, Sanlam Emerging Markets (SEM) has acquired Uganda’s Lion Assurance Company for a purchase price of $6.5m.
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Russian billionaire arrested in France for tax evasion
Despite holding a diplomatic passport, French police arrested one of Russia’s richest men in Nice on Monday in connection with a tax evasion case, the country’s prosecutors have confirmed.