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The Impact of the Panama Papers

The worldwide publication of the so-called Panama Papers, which leaked a massive volume of information about the beneficial ownership of companies set up by the Panamanian-headquartered law firm of Mossack Fonseca, initially prompted an attack on the low standards of regulation of companies established in Panama. However, as this information...

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UK Budget Update

With the dust now having settled on Chancellor George Osborne’s Budget, we take a look at the key issues which are most likely to affect or be of interest to our clients and readers. Changes Affecting Non-UK domiciled UK Residents Full details of the exact changes to the so-called “non-dom”...

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PraxisIFM Announces its Third Acquisition in Two Months

The PraxisIFM Group has expanded its fund administration division with the acquisition of London-based closed-ended fund administrator, Cavendish Administration Limited. The acquisition means that PraxisIFM will be able to offer administration services for onshore as well as offshore investment trusts giving clients additional flexibility. It follows last month’s announcement of...

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PraxisIFM Plans To Acquire Confiance Limited

PraxisIFM has announced plans to expand further with the acquisition of Confiance Limited for an undisclosed sum. Earlier this month PraxisIFM revealed it was expanding its pensions division, Trireme Pension Services, with the acquisition of Confiance Pension Services. The proposed acquisition of Confiance Limited will give PraxisIFM more than $42...

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PraxisIFM Acquires Confiance Pension Services

PraxisIFM Group has expanded its pensions division, Trireme Pension Services, with the acquisition of Guernsey business, Confiance Pension Services. The acquisition means that Trireme will now have a fully staffed office in Guernsey, as well as its existing base in Malta, offering further flexibility to its clients. ‘We are delighted...

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PraxisIFM promotes three staff in its Guernsey office

PraxisIFM Group has promoted three staff in its Guernsey office with Graham Dawson becoming associate director in compliance and David Stephenson and Keri Lancaster-King, who are both part of the funds team, taking on the roles of senior manager, financial reporting and senior manager, new business respectively. One of the...

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UK Budget Briefing

A summary of the numerous positives and new opportunities for our clients. LONG-TERM NON-DOMICILED INDIVIDUALS Chancellor George Osborne has delivered on his pre-election promise to review the tax regime for non-domiciled UK residents with effect from 6 April 2017, and indeed some seismic changes have been introduced. However, it is...

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Senior appointments at PraxisIFM follow merger

PraxisIFM has made three senior appointments as part of its plans for future growth. The merger of Guernsey-based Praxis Group and Jersey-based IFM Group to create one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands was finalised last month following regulatory approval. The group...

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Praxis and IFM merger receives regulatory approval

The merger of Guernsey-based Praxis Group and Jersey-based IFM Group to create one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands has been given regulatory approval. In January, the two businesses, which have combined revenues of over £23 million, assets under administration of more...

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