STEP launches GRP to tackle financial abuse
Acting as a template for a lasting power of attorney
STEP
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Autumn Statement 2023: No IHT changes ‘missed opportunity’ for Chancellor
As rumours circulated of potential cuts to the increasingly complex tax
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57% of inheritance advisers seen instances of financial abuse or suspected it
Including cases of lasting power of attorney coercion
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Professional body warns industry about ‘cowboy’ Will writers
54% of members have come across firms making false claims to clients
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Inheritance tax is in ‘dire need of reform’
STEP says it wants to see a low flat-rate estate tax regime with few reliefs and exemptions
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PEOPLE MOVES: FWD Group, Amundi, Novia Global
Insurance company makes c-suite change, as asset manager names CEO of Italy and Austria
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PEOPLE MOVES: Kingswood, 7IM, HSBC Private Bank
Three senior promotions and a hire at wealth firm, while investment manager’s co-founder retires
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PEOPLE MOVES: Axa, LGIM, Aviva
Insurer names group chief innovation officer, while investment manager hires compliance chief
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PEOPLE MOVES: Deutsche Bank, RLAM, J. Safra Sarasin
After Deutsche Bank’s head of anti-financial crime stepped down just six months into the job, the German bank has named his replacement. RLAM has created a global equity team by poaching three staff from Waverton IM, while J. Safra Sarasin has a new managing director for client advisory in Hong Kong.
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Offshore firms hit worst by increased compliance demands
Compliance requirements are a greater burden offshore, driving up client charges and forcing some firms to turn away business, research from Step has found.
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all uk trusts must review status says guide
A new guide to help trustees prepare for the implementation of the UK-US FATCA intergovernmental agreement has been jointly issued by three professional bodies.
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step journal swiss minister attacks anglo saxon
Swiss finance minister Eveline Widmer-Schlumpf has revealed an antipathy towards trusts, which appears to mirror the thinking behind France’s recent move to force trusts to report on any French tax-resident beneficiaries they may have.