Over a million British expats living across the European Union face further uncertainty as the UK officially starts the two-year process to exit the bloc without being any closer to securing a deal on reciprocal rights.
As the UK takes its first formal step toward leaving the European Union, UK insurance giant Prudential says its research found that financial advisers view ‘Brexit’ as one of the biggest investment planning challenges they face.
The crown dependencies’ financial services sectors could suffer if the UK government fails in its constitutional responsibility to represent the islands’ interests during the Brexit negotiations, the House of Lords’ European Union Committee has warned.
Luxembourg is in talks with Australia to sign a double tax agreement (DTA) following efforts by the Grand Duchy to clean up its controversial tax regime, finance minister Pierre Gramegna has said.
Luxembourg, the largest domicile for Ucits funds, will not engage in a “race to the bottom” to lure UK-based asset managers that want to maintain their passporting rights when Britain leaves the EU, according to Anouk Agnes, deputy director general of the Association of Luxembourg Fund Industry (Alfi).
Sterling hit an eight-week low on Tuesday morning in reaction to parliament’s approval of the Article 50 bill – but with at least two years of negotiations ahead, could the currency fall even further?
Quilter Cheviot’s Alan McIntosh is optimistic about what president Trump will mean for markets but with Brexit and European elections still to come this year, he is hedging some of his bets.
The UK government’s unexpected decision to impose a 25% charge on some overseas pension transfers “lacked adequate consultation” but is positive for Malta and the wider pension industry, said the Malta Association of Retirement Scheme Practitioners (MARSP).
The Association of International Life Offices (Ailo) has published a ‘Guide to Moving Abroad’, designed to assist advisers with clients planning to leave the UK to work or retire.
University of Cambridge academics are compiling a database to enable UK expats living in the EU to receive up-to-the-minute advice throughout the negotiation process once Britain triggers Article 50 later this year.
Prospects for the UK may be less than clear before Brexit negotiations begin, but what can be agreed is that opinion is divided when it comes to UK assets.
Spanish prime minister Mariano Rajoy says he believes a deal can be done with Britain to preserve the rights of British expats in Spain after Brexit.
