Retirement | 25 Nov 16
UK scraps 70% ‘income for life’ rule for overseas pensions
The UK government has announced it will abolish a rule requiring recognised overseas pensions schemes (Rops) to earmark 70% of funds to provide members with an income for life, as further details emerge on HM Revenue & Custom’s overhaul of foreign pensions unveiled in this week’s Autumn Statement.
Maseco Wealth targets ‘gaping hole’ for US citizens in Asia
UK-based Maseco Wealth, the specialist wealth manager for US expat clients, is to target Asia with the launch of an independently owned business in Hong Kong.
Mike Webb on reviving Rathbones’ unit trust business post-Brexit
Mike Webb talks about his mission to revitalise Rathbones’ unit trust business and the impact of the UK’s decision to leave the European Union
North America | 24 Nov 16
IRS targets virtual currency in tax avoidance probe
As part of its investigation into tax avoidance through the use of virtual currencies, the US Internal Revenue Service (IRS) has filed a petition with a California court requesting personal data from virtual currency exchange firm Coinbase.
Investment | 24 Nov 16
Momentum’s Klempster on outcome-based asset allocation
James Klempster says the three Momentum Factor multi-asset funds are more aligned to clients’ real-world outcomes than their traditional counterparts