ruling seen curtailing use of offshore
Wealthy individuals may no longer be able to use offshore companies to shield their assets from their former spouses in the event of a UK divorce, following a key ruling yesterday by Britain's highest court.
Wealthy individuals may no longer be able to use offshore companies to shield their assets from their former spouses in the event of a UK divorce, following a key ruling yesterday by Britain's highest court.
Just 5% of retail funds are managed by women, according to disheartening research from Bestinvest.
US-based asset manager Thornburg Investment Management has opened a London office, headed by two newly-recruited joint managing directors.
Axa Wealth International’s managing director Mike Foy has defended the company’s decision to restructure its UK-based ‘offshore’ sales team.
The majority of advisers have started charging clients a percentage of the investment amount as they seek to establish the best fee models post-RDR.
AES International has picked up two awards following its success in moving up the league rankings of the Sunday Times Virgin Fast Track 100 list of fastest growing companies in 2012.
J.P. Morgan International Bank (JPMIB) has been fined more than £3m by the UK’s Financial Conduct Authority.
London & Capital, the London-based wealth management firm, said a new division launched last year to cater for high-net-worth immigrants to the UK is off to an “impressive start”.
Axa Wealth International is scaling back its UK-based international sales team and has made seven roles redundant.
The UK’s prime minister has written to the leaders of ten Crown Dependencies urging them to beef up their information exchange and beneficial ownership plans ahead of Britain’s G8 Summit next month.
The UK has become a more attractive investment destination in the past year due in part to the wider range of choice offered to investors as a result of RDR, according to research from Morningstar.
HM Revenue & Customs has won a court case against pressure group UK Uncut over claims that a backroom deal it struck with Goldman Sachs, in which it agreed to let the bank off a £20m interest payment, was unlawful.