A look at the top stories on eprivateclient this week…
Appleby has reached a settlement with the BBC and the Guardian over its breach of confidence claim resulting from the Paradise Papers.
In a letter to the FT, James Anderson, founder and editor-in-chief of PAM Insight, publishers of eprivateclient, argued that the introduction of public registers in the British Overseas Territories would damage London as a wealth management centre.
UK-based law firm Harbottle & Lewis has appointed Jonathan Burt as a partner in its private capital practice headed by managing partner Glen Atchison.
Swiss private client lawyers have seen an increased amount of work helping individuals moving from London to Switzerland and Monaco as a result of the Brexit vote, according to a survey of 300 law firm partners in the UK and Europe published by the legal business of Thomson Reuters.
Norfolk-based Spire Solicitors has promoted Ejike Ndaji to partner. Mr Ndaji is based in the Wymondham Office and specialises in all areas of private client law including will drafting, administration of estates, powers of attorney, court of protection work and estate planning.
KPMG has hired Abhijit Rawal as a strategy partner with a specific focus on the wealth sector, as part of an what it said was an "ongoing investment in the firm’s advisory capabilities to help clients successfully manage the significant changes the wealth management sector faces."
Nearly one in three couples (31 percent) have secret savings or investments that they have deliberately started without telling their partner or spouse, with seven percent admitting to hiding savings of over £50,000, according to Prudential’s latest annual research into the retirement aspirations and financial planning of UK couples aged 40 and over.
Nick Blundell, a partner at RSM and head of corporate tax in its Birmingham office, questioned whether anti-avoidance rules and legislation were better than simplifying the tax system.