Mar 16

Asset Protection in Action?

Asset Protection. The big question seems to be where has it all gone? It would appear that about  $105 billion in Treasuries has been sold or simply removed from the Fed’s custody accounts during the past week. It has been suggested that China could be behind this but of course the most likely candidate is Russia. From the […]

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Mar 15

Bank Runs – a too late reaction

Bank Runs are a reality and they are not confined to any one country. You may well think you have a guarantee that your money is secure,however, take a look at the issuer of the guarantee and see just how much money they could actually cover, it’s not a pretty picture and it is a serious threat! We have […]

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Feb 27

Swiss Life PPLI Tax Compliant

ZURICH—The chief executive of Swiss Life Holding AG said on Wednesday that the insurer’s private placement life insurance products were tax compliant and not designed to attract untaxed assets owned by U.S. clients. Bruno Pfister said that, from the end of 2008, Zurich-based Swiss Life had only accepted U.S. customer assets for the product, which is […]

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Feb 25

Global Attack on Tax Evasion

After a meeting in Austria of the G20 group of finance ministers there has been a shared commitment to launch various campaigns to tackle global tax avoidance and evasion. In 2013 the British government began a probe into more than 200 advisers, lawyers and accountants suspected of using offshore trusts to illegally avoid UK tax, […]

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Feb 22

Former Credit Suisse Employee Banned from Financial Services

A former Credit Suisse AG relationship manager in Hong Kong has been banned from re-entering the finance industry after being handed a seven year prison sentence at the end of last year. Lum Yin Ling was sentenced by the Court of First Instance in October after being found guilty of fraud. The court found, between […]

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Feb 21

Wills not Signed correctly!

In 1999 Mr and Mrs Rawlings made “mirror” Wills. Each left all their assets to the survivor. On the death of the survivor, Terry Marley, whom they treated as an adopted son, inherited everything. The Rawlings “biological” sons, Terry and Michael, did not benefit. Mrs Rawlings died in 2003. On Mr Rawlings’ death in 2006, […]

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Feb 21

Trust wasn’t as Flexible as it should have been

In late 2005 Mr and Mrs Lawie, then aged 81 and 76 respectively, decided to make arrangements to benefit their family. Together with their daughter and son-in-law, they saw a financial planner. After discussions with him they decided that they wanted part of their savings (£100,000) to be held in a life assurance bond, which […]

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