The list below is a collection of articles that refer to, mention or discuss Wealth.
The cost of living in a new country is a concern for many expats who find their bills are higher than expected. Half are forking out more than planned after moving, research by Axa Global Healthcare reveals. Expats with families are especially hard hit, with 40% shocked by the cost of higher education and one … Read more
The days of handing over cash could be numbered as the economy is in a shift to digitisation, warn campaigners. New laws are needed to protect the pound in the pocket, says lobby group Access to Cash Review. And they are calling on Chancellor Rishi Sunak to take urgent action to protect spending money in … Read more
Investors choosing to pull their cash from wealth manager Jupiter have triggered the closure of two under performing funds. The global investment giant has announced the Jupiter UK Alpha and Jupiter Enhanced Distribution funds will shut on March 31. The Jupiter UK Alpha fund has operated for more than 25 years. Investors have withdrawn huge amounts … Read more
Tax authorities around the world are warning expats to own up to offshore tax avoidance as a new international data sharing network is switched on to full capacity. The Common Reporting Standard links tax services in more than 100 countries. The way the network swaps data is simple. Each country sends every other network member … Read more
Neil Woodford’s demise as a celebrated fund manager has prompted many investors to diversify – but the problem is where to look for suitable investments. If you are making a single investment to spread across lots of different stocks, sectors and countries, then the Association of Investment Companies (AIC) has put together a list of … Read more
Venture capital trusts are sweeping up more money from investors as the opportunity to stake savings in other tax efficient investments dries up. In 10 years, VCT investment has surged by 375% to £731 million as tax changes have knocked other investments, such as pension saving and buy to let. VCTs back small, new companies … Read more
Few people understand tax and how the rules impact the money in their pockets, according to new research. Out of 2,000 people quizzed about tax, the average score out of 30 was just 10.6 – while half of those taking the quiz scored less than 10. The lowest scores came from the youngest people asked … Read more
The new pensions dashboard may encourage retirement savers to tidy their finances by consolidating pensions – but this is not always a good idea, says one expert. Former Pensions Minister Steve Webb, who is now a director at financial firm Royal London, reckons savers should take professional advice before consolidating as the wrong decision could … Read more
The collapse of the world’s oldest travel company Thomas Cook has left thousands of workplace pension savers uncertain over what happens to their retirement savings. Although the firm closed the door on the workplace defined benefit pension scheme some years ago, money in the funds of 13,000 current and former employees are impacted. The good … Read more
Red tape and the long arm of the US Internal Revenue Service are forcing one in five American expats to consider giving up their passports. In the first three months of this year, 1,018 Americans renounced the citizenship, and 250 of them blamed US taxes as the trigger for their action. The details come from … Read more