20 articles found within the last year.
Displaying results 1 - 20
-
London limited to tactical hiring as outlook deteriorates
With the exception of Barclays Wealth, London-based advisers ... A combination of next April’s hike in income ... Ed Jewson, director at consultant Jewson Associates, said: ... Wealth managers that continue to hire are doing ... Cath Tillotson, a partner at consultant Scorpio Partnership,...
-
Guest comment: A vision for the future of the asset management industry
It is hard to believe that just over ... This seat at the table is important. So ... A seat at the pensions table enabled the ... The Working Group looked at the whole field ... Our industry’s retail client proposition is muddled by ... There are opportunities to simplify products for consumers...
-
UK managers urge Government action on offshore domiciles
The UK’s asset management industry has urged the ... Although asset managers in London and Edinburgh oversee ... A UK industry working group, convened by Chancellor ... Robert Jenkins, chairman of the Investment Management Association ... He said: “Fund taxation policy has not been...
-
European clients abandon Swiss private banks
European clients are increasingly abandoning their offshore accounts ... Signs of pressure for the $1.8 trillion (€1.2 ... Apart from the factor of tax crackdown, many...
-
Report proposes new taxes for UK offshore havens
A Treasury-commissioned report will on Friday warn financially ... Sir Michael Foot, the report’s author, will also...
-
Italian authorities raid Swiss banks in tax-evasion crackdown
The Guardia di Finanza, Italy’s financial police, and ... The two agencies said that the move was...
-
Washington seeks reduced prison term for UBS client in tax-evasion case
US authorities on Monday sought a reduced sentence ... The move comes ahead of Friday's scheduled sentencing...
-
End of the tax haven vacation
From Aruba to the British Virgin Islands, offshore ... The Organisation for Economic Co-operation and Development demanded ... City of London minister Lord Myners told Financial ... However, Derek Adler, director at Ifina, a fund ... Marc Seimetz, partner at law firm Dechert in...
-
UK tax authorities cast net wider for offshore money
The UK tax authorities are upping their efforts ... Ronnie Ludwig, a partner at private client accountancy ... Tax avoidance schemes are often constructed to avoid ... In recent months, Revenue & Customs has been ... The move comes at a time when the ... The UK has signed about 20 of these...
-
Myners tells UK to grab offshore funds
Treasury minister Lord Myners has called on custodians ... In an interview with Financial News, Myners said ... He said: “I see this as a significant ... Tax havens have been targeted by the G20 ... Meanwhile, the advantage of domiciling a fund in ... The UK Government this year set up the...
-
Property boutique aims for first low-tax fund launch
Clavis Walden, a real estate boutique started earlier ... The company has filed an application to launch ... Iain Keys, managing director at Clavis Walden, said ... In onshore authorised funds, a fifth of their ... Deborah Lloyd, a partner in the indirect investment ... Asset managers including Aviva Investors, Standard Life Investments...
-
Income tax ‘tipping point’ sparks exodus from UK
A stream of hedge fund managers and other ... Lawyers estimate hedge funds managing close to $15bn ... “In the past, managers would say they’d move ... Hedge fund Amplitude Capital took its $735m in ... From next April, individuals in the UK who ... Private equity manager Guy Hands, founder of Terra...
-
More US wealthy opt to surrender their citizenship
Private client lawyers and relocation specialists are reporting ... Although such a move means they have ... Jay Krause, a partner at private-client specialist law ... The level of interest is set to increase ... Because of this, many ultra-wealthy individuals who have ... This implies the quantity of money outside the...
-
Americans give up their passports to avoid tax
An increasing number of wealthy Americans living abroad ... Lawyers are reporting a surge in requests from ... Jay Krause, a partner at privateclient specialist law ... The expected disclosure of the account details of ... But lawyers say the requirement under exit tax ... Krause said: "The large fall in asset values...
-
Guest Comment: Let's hope we're ready for an 8p tax rise
There is little light at the end of ... The Chancellor’s forecast that the deficit will then ... On the positive side, the Budget has turned ... Tim Congdon, founder of Lombard Street Research, believes ... The equivalent of 2% of GDP is about ... The incoming government will also need to control...
-
Governments put squeeze on wealthy
Two weeks ago the UK Chancellor announced he ... The battle to close the fiscal gaps that ... The UK was among the first to start ... Ronnie Ludwig, a partner at private client accountancy ... But the options for the rich to participate ... Even Switzerland, one of the most recalcitrant of...
-
Ex-hedge fund veteran urges wealthy to give
Stanley Fink, the former chief executive of hedge ... Fink was speaking this morning at the Sunday ... He said that with many corporates scaling back ... The Sunday Times Giving List revealed that despite ... However, Fink said that while the wealthy are ... Philip Beresford, author of the Sunday Times Rich...
-
Paranoia strikes the super-rich
Individuals in receipt of wealth beyond the dreams ... Their worries are not always rational, but they ... Wegner shows people cannot suppress concerns for long. ... And the wealthy have good reason to become ... The banking system and hedge funds were under ... Andrew Rodger, director of multi-family office Stonehage, says:...
-
UBS ‘plans’ for Kurer’s departure
UBS has a contingency plan to replace chairman ... Sources close to UBS said it had contingency ... BP executive Sally Bott, who became independent head ... She was proposed as a board member in ... Kurer became chairman of UBS in April after...
-
Safe havens face crackdown
Offshore financial centres are braced for a mauling ... They can argue that poor onshore bank governance ... German finance minister Peer Steinbrück has called for ... He alleges local investment conditions have encouraged German ... following probes into accounts held in neighbouring Liechenstein....
1
