Prior to 30 October 2024, unused defined contribution pension pots sat in a uniquely privileged position within UK tax planning. Under rules designed to encourage long-term retirement savings, these funds generally remained outside a person’s estate for Inheritance Tax (IHT) purposes. This framework effectively turned pensions into the ultimate intergenerational wealth shelter, leading wealth managers…
Investors are looking forward to Samsung’s earnings and SK Hynix’s ADR listing, experts say.
At a glance A new early-life asset-building program could generate substantial long-term assets. Under modeled scenarios, broad participation and additional contributions to 530A accounts, also known as “Trump Accounts,” could generate between approximately $80 billion and more than $900 billion in long-term asset accumulation for lower-wealth households over the next decade. Expanding access does not…
For most of our history, the domain of the financial advisor has been helping clients to invest their savings in publicly traded stocks and bonds that create opportunities for long-term growth, in order to achieve clients’ retirement and other savings goals. While the particular vehicles have changed over time – from individual securities, to mutual…
The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) published updated statistics and data visualizations covering key segments of the U.S. capital markets, including three new asset-backed securities (ABS) issuance data visualizations, one new municipal advisor data visualization, and additional historical statistics for issuances of ABS and commercial mortgage-backed securities (CMBS). The…
Government officials, attorneys, judges, prosecutors, campaign consultants, accountants, licensed professionals and other public-facing taxpayers sometimes assume that their status, education or reputation will insulate them if a tax issue arises. That assumption can be dangerously wrong. Processing Content Federal tax-enforcement authorities and prosecutors do not exempt sophisticated taxpayers from civil audits, high-risk eggshell and reverse…
You’ve purchased a new piece of furniture and paid for door-to-door delivery. When it arrives, the package is unloaded from the truck and left at your front gate. The problem? It’s still nowhere near your door. Now, it’s up to you to get it the rest of the way. That is what firms are doing…
Long excluded on moral grounds, investors are now reevaluating whether defence can fit into an ethical investing framework. By Jack Arrowsmith, London For 15 years, the Church Commissioners for England operated a highly restrictive policy on defence. The endowment fund precluded any exposure to companies where more than 10 per cent of their revenue came…
With six months to go before Kevin Ooley steps into the CEO seat at Databank, the first order of business on his list is finding his successor, he told CFO Dive. Ooley is set to take the CEO role in January of next year — succeeding Raul Martynek, who is transitioning to the role of…
Three people died and seven others were rescued Friday after a boat capsized in Geneva Lake as a strong storm passed through southern Wisconsin, an official said. Many injuries were reported in Wisconsin’s Walworth County after the storm toppled trees, knocked down power lines and damaged buildings, said Tom Hausner, undersheriff for the Walworth County…