french mini fatca fears
Tax experts who have been studying Frances new tax regime for wealthy individuals are likening its treatment of trusts to elements of Americas much-criticised FATCA regulations.
News
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stenham launches global macro fohf
Stenham Asset Management has launched a global macro fund of hedge funds, Stenham Helix, which joins its flagship macro fund, Stenham Trading.
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maltese regulator fines bov
In the latest action by a regulator responding to complaints over the way certain investment products were sold ahead of the 2008 financial crisis, the Malta Financial Services Authority has fined one of Maltas largest banks.
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shariah specialist eiib takes rasmala stake
Shariah investment banking specialist EIIB today formally announced its investment in Rasmala Holdings, a financial services company operating in the Gulf Cooperation Council countries and Egypt.
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lombard odier hires gupta as asia cio
Lombard Odier has hired Pranay Gupta from ING Investment Management Asia Pacific, as its chief investment officer for Asia and global head of investment solutions.
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court rules against dgt beneficiaries iht claim
The beneficiaries of a Royal Skandia discounted gift trust, which was sold by an IFA to a client one year and three months before her death, have lost a court battle over whether the money is eligible for inheritance tax.
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barclays wealth appoints head of partnerships
Barclays Wealth has appointed Paul Fleming as head of strategic partnerships.
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aston wealth management set to open in ghana
UK registered advisory firm Aston Wealth Management is in the process of opening a new office in Accra, Ghana, aimed at servicing the needs of international expatriates working in the region.
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frustration among hk insurance brokers
Insurance brokers in Hong Kong are expressing frustration over an industry agreement that they inform clients whenever they are due a commission from the sale of insurance products, even though their main rivals in the marketplace insurance agents, which typically represent the major insurance giants do not have to.
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take care on tax charges warns trust adviser
IFAs could unintentionally expose their clients to punitive tax charges when setting up trusts, The Asset Protection Strategy, a UK-based training and support company, has warned.
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property giant savills acquires investmt business
Global real estate services provider Savills has acquired specialist central London investment and asset management business Gresham Down Capital Partners.
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esca tipped to be wholesale regulator for uae
The Emirates Securities & Commodities Authority (ESCA) is likely to become the wholesale regulator in the UAE, regulating life companies to IFAs, according to HSBCs Daniel Rudd.