Number of HNWs seeking second passport ‘skyrockets’
As demand for DeVere Group’s residency and citizen services increases 50% year-on-year
High Net Worth
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Devilish detail in UK Settled Scheme for European HNWs
Submitting an application by the 30 June 2021 deadline may not be enough, law firm warns
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Action against criminals by HMRC offshore unit jumps 40%
It has collected £1.8bn in extra tax since it was launched in the wake of the Panama Papers scandal
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Digital wealth firm launches in the UAE
As Zurich Middle East rolls out financial planning solution to ‘distribute product sales online’
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Spain to increase income and wealth tax
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’
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Surge in high net worth Gulf nationals in the UK
Population hit a five-year high with a 28% rise since 2014
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Global HNW families worried about passing wealth to next gen
63% believe that the millennial generation is not as committed
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Climate change to dictate high net worth investment choices
As they plan to significantly increase allocation to impact investing by 2025
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Chinese wealth firm mulls retail fund business
It has also applied for a mutual fund advisory licence in the country
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Five million wealthy Brits will not receive inheritance
As only 40% of HNWs have plans in place to minimise the tax paid by beneficiaries
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A compassionate new divorce law
Advisers should prepare to help HNW clients find a more amicable approach to divide assets
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Barclays to offer private banking in South Africa
It will target affluent, high and ultra-high net worths; including those seeking offshore solutions