Spain bemused by UK’s ‘war talk’ in Brexit row over Gibraltar
Spain has accused UK government officials of “losing their cool” in a row with the European Union over the future of Gibraltar post-Brexit.
Gibraltar
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Gibraltar shuns flexible access in surprise Qrops twist
Gibraltar will not drop its rule that 30% of a Qrops fund can be taken tax free despite a widespread industry view that HM Revenue & Customs requires full flexible access for all qualifying schemes.
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Gibraltar names date for Qrops test regulations to go live
Gibraltar’s government has revealed that it will put in place personal pension regulations “on or before 31 March”, enabling the jurisdiction’s Qrops to retain their status.
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Gibraltar ‘in danger’ of losing Qrops status
Gibraltar must put in place a system for regulating personal pensions in just over two weeks to enable the jurisdiction’s Qrops to retain their status and continue to operate in the market.
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PEOPLE MOVES: Cigna, Lombard Int’l, Woodford
Global health insurer Cigna has boosted its distribution platform in Asia Pacific with two senior hires. Lombard International Assurance has appointed a head of France, while Woodford has raided his alma mater Invesco Perpetual to find a head of third party relationships.
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Castle Trust launches multi-jurisdictional Rops
Gibraltar-based Castle Trust Group has launched the Centurion Retirement Plan featuring recognised overseas pension schemes (Rops) in Gibraltar and Malta that allow free switching between the schemes and jurisdictions to suit clients’ changing needs.
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Gibraltar must ‘be very ferocious’ in Brexit talks
Former UK deputy prime minister Nick Clegg has said Gibraltar must be “very ferocious” in its demands ahead of the Brexit negotiations, warning that the British overseas territory’s fate “will be at the very bottom” of prime minister Theresa May’s list of priorities.
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UK officials visit crown dependencies to discuss ‘Crexit’
A team of UK politicians have been touring the Channel Islands and the Isle of Man as part of a fact-finding mission to establish what effect Britain’s exit from the European Union will have on the crown dependencies.
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Gibraltar ups due diligence for stock exchange approval
The Gibraltar Stock Exchange (GSX) is giving companies the option to undergo third party commercial due diligence, as part of its efforts to mitigate the impact of Brexit.
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Gibraltar ‘well prepared’ for hard Brexit despite jobs warning
Gibraltar has said it is “well prepared” to handle the fallout from a hard Brexit, adding it could provide “significant opportunities” for the British overseas territory, after UK prime minister Theresa May confirmed on Tuesday that the country will pull out of EU single market.
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Portugal strikes Jersey and Isle of Man off blacklist
Portugal’s government has removed Jersey, Isle of Man and Uruguay from its latest blacklist of jurisdictions.
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Sovereign Group cuts fees on Rops
International pensions provider Sovereign Group has removed ‘ad hoc’ transactional fees from all its new and existing recognised overseas pensions scheme (Rops) products.