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Reeves reportedly drops plans to introduce exit tax


By Jack Gray

Chancellor, Rachel Reeves, has reportedly dropped plans to introduce an exit tax on the business assets of high net worth individuals (HNWI) leaving the UK


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Number of global family offices forecast to surpass 10,000 by 2035

The number of global family offices increased to 8,000 in 2025 and is forecast to reach 10,700 by 2035, according to a report from Savills

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FNZ raises $650m from existing institutional shareholders

Global wealth management platform FNZ has raised $650m in new equity funding from its existing institutional shareholders

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Verso to transfer custodial operations to Third Financial in five-year deal

Wealth management group Verso has extended its strategic partnership with Nucleus, transferring the custodial operations of its investment management business to Third Financial as part of a five-year deal

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Targeted support could be ‘revolutionary’ but data privacy concerns persist

The Financial Conduct Authority (FCA) has hailed its forthcoming targeted support framework as a “revolutionary” step in helping pension savers make more informed decisions, although industry experts have cautioned that data privacy barriers could limit its reach

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Jersey-based Team in acquisition talks with WH Ireland

Jersey-based wealth and asset manager Team plc is in discussions with WH Ireland regarding a possible offer for the entire issued and to be issued share capital of the firm

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Quilter Cheviot increases global equity allocation in MPS rebalance

Quilter Cheviot has increased the overall risk exposure of its managed portfolio service (MPS) by adding to its global equity allocation in its latest rebalance

Financial advisers lack confidence in policy agenda ahead of Budget

Financial advisers lack confidence in the economic policy agenda in the UK, with clients reporting concerns around tax and retirement planning, analysis from Unbiased Pro has revealed

Evelyn Partners agrees sale of employee benefits consultancy arm

Evelyn Partners Group has agreed to sell its employee benefits consultancy arm, Evelyn Partners Financial Services (EPFS), to Howden for an undisclosed amount
People moves: Rothschild & Co, Brooks Macdonald, Tideway Wealth

The latest appointments in the wealth management industry

Chancellor will not alter tax-free pension cash entitlement in Budget

Chancellor, Rachel Reeves, will not make any changes to the tax-free pension lump sum allowance in the upcoming Budget, officials have confirmed

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