Coutts to close accounts of expats in EU
Private bank had to make ‘difficult decision’ amid Brexit uncertainty
Passporting
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Brexit fuels forced UK account closures for expats
As passporting rights are set to come to an end by 2021
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UK asset manager opens Mallorca office
Key drivers were ‘thorny issue of passporting’ and long-standing relationships with IFAs
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Blacktower granted Cyprus licence
As firm looks to ‘Brexit-proof’ its European business
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What questions should advisers ask their network?
Impact of recent regulations and Brexit are going to change the rules of the game
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Dubai real estate investors offered Moldovan passport
As long as they invest at least £1m
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EU exit paper gives UK expats a ‘glimmer of hope’
Europe’s own Brexit preparations paper offers international insurance and pension policy holders a way to keep honouring contracts – a cross border lawyer has argued.
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FCA outlines passporting ‘backstop’ plans for no-deal Brexit
EU firms will be able to continue passporting into the UK if the Brexit transition period is canned, according to the Financial Conduct Authority (FCA) which spelled out its backup plan on 25 July.
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UK asset managers risk being shut out post-Brexit
If they don’t heed the stark warning from the European Commissions about the legal repercussions of Brexit, asset managers in the UK are at risk of being shut out of the European market, warns Brendan Adams, managing director, VAM Global Management Company.
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FCA tells EU to get on with reciprocal passporting
Financial Conduct Authority chief executive Andrew Bailey has told the European Union to “get on with it” and reciprocate passporting for UK firms during the implementation period.
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Passporting vital for small advice firms post-Brexit
News that passporting will continue during the Brexit transition period has been welcomed by the founder of a Belgium-based advice firm who has also backed the FCA chief’s calls for the agreement to continue after the UK leaves the EU.
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Insurers must tell of Brexit impact
Insurers have a duty to inform customers of the progress of Brexit the UK regulator has warned.