Below is what happened in a week in Expats Finances, as reported on iExpats and from other places across the web.
- FSA Cracks Down On Unregulated UCIS Investments
The UK’s financial watchdog has announced advisors recommending clients invest in unregulated collective investment schemes (UCIS) for their self-invested personal pension (SIPP) may face an investigation.
- Guernsey Is Star Player For Protecting Image Rights
Sports stars and celebrities can protect their image rights by registering under new intellectual property laws in Guernsey.
- Slovakia Disappears From HMRC QROPS List
Slovakia Qualifying Recognised Overseas Pension Schemes (QROPS) are missing from the latest HM Revenue and Customs (HMRC) list of the offshore pensions for expats.
- Slovakia QROPS Delisting Is A Mistake, Says Bank
The riddle surrounding the delisting of Slovakia QROPS has deepened as the provider of all four pensions suggests their removal is simply a ‘communication problem’.
- Double Trouble From FSA For Annuity Providers
The poor performance of annuities for retirement savers has prompted the Financial Services Authority (FSA) to look at the way the market serves investors.
- QROPS Providers and the New Pension Rules
QROPS Providers need to be aware of new pension laws that powers to stamp out pension unlocking schemes and transfers to rogue Qualifying Recognised Overseas Pension Schemes (QROPS).
- Protecting Assets While Looking For Income
Investors will have to be more resourceful this year, according to one financial firm, because they will have to contend with low growth and low inflation hitting their assets.
- VCT yields top 5% for small business investors
Fund managers are urging investors seeking income to look at high-yielding venture capital trusts (VCTs).
- FATCA Pushes Cayman Islands To Unveil Financial Secrets
The veil of secrecy over financial dealings of the wealthy in the Cayman Islands is lifting for the first time.
- Italy Joins Global Tax Evasion Crackdown
The Italian government has announced a major drive to clampdown on taxpayers who hide their assets offshore – in a country where evading the taxman is a national sport.
- Bahamas Trusts Hauled In To FATCA Tax Net
A move by the US government to crack down on foreign financial institutions (FFIs) holding accounts for American taxpayers has forced the government in the Bahamas to look at the status of thousands of trusts
- Currency Burgernomics
Burgernomics is a fun comparison that looks at whether a country’s currency is under or overvalued.
- How Expats Can Earn More From Currency
For expats living and working abroad there is an issue when it comes to being paid in Pounds Sterling and that’s when it comes to transferring their money into another currency.
Financial News From Around The Web
Steep drop in oil imports shrinks US trade deficit – The Seattle Times
China plans tax reforms to tackle wealth gap – Accountancy Live
IRS delays issuing tax refunds; fiscal cliff to blame? – Los Angeles Times
Jersey arm of Abu Dhabi Nat’l Bank launches new style expat pension plan – International Adviser