HMRC issues fresh guidance on Liechtenstein
HMRC has issued fresh guidance over the suitability of using the Liechtenstein Disclosure Facility (LDF) versus New Disclosure Opportunity (NDO) after complaints that a lack of clarity could lead tax
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Skipton Intl opens doors for first time today in Guernsey as Scarborough CI enters history
Guernsey residents are waking up to find a new name on their high street today, as Skipton International opens its doors.
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PJ Hayman unveils first-ever international medical tourism insurance
PJ Hayman, the specialist travel insurance provider, has introduced coverage that pays policyholders for medical costs and other expenses that arise from their elective treatment abroad.
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UK tax authorities to investigate Lloyds offshore operations after BBC report
Lloyds Banking Group is to be investigated by UK tax authorities following allegations by a BBC Panorama programme that it was encouraging wealthy individuals to avoid taxes by investing offshore.
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Habits of the world’s “future wealthy” identified in report
The Indian Sub-continent is home to the most financially ambitious of the worlds future wealthy, with people there believing they need to accrue more than $9m to achieve their goals, a study has fo
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Survey: Hong Kong and Singapore join London and New York as ‘global leaders’
Hong Kong and Singapore have joined London and New York as “global leaders” in the financial centre firmament, according to the authors of a recent ranking of world financial centres.
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Guernsey funds drop again
Guernseys funds sector is continuing to feel the pinch from the economic downturn, with net asset value in closed and open-ended locally domiciled structures having fallen more than 21% at the end of
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Ucits IV: after the dust has settled
Christian Elsmark, managing director, Europe, for Scottish Widows Investment Partnership (SWIP) argues that the advent of the Ucits IV fund regime should bring lower costs and increased choice to inve
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Landsbanki Guernsey to take legal action against Iceland
The administrators of Landsbanki Guernsey are preparing to take their case to Iceland, in the event they are unsuccessful in their efforts to maximise returns for depositors caught up in the bank’s co
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Gibraltar QROPS administrators unilaterally hold off transfers, pending HMRC clarification
Administrators of QROPS in Gibraltar are holding off transfers of funds of UK clients into their pensions pending resolution of a tax query raised by HMRC.
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Jupiter and de Vere in distribution deal
Jupiter Asset Management has entered into a “strategic alliance” with de Vere & Partners, the international IFA firm.
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Advisers turning to life structures for non-dom clients
Bryan Low, managing director of Isle of Man-based offshore life insurance consultancy firm Acuity, looks at the options open to advisers with UK resident but non-domiciled clients in the wake of chang