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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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A First for International Fund Management Limited

International Fund Management Limited (IFM) understands that it is the first independent, Guernsey-licensed fund manager to act as an alternative investment fund manager for the initial public offering of a new London-listed fund. IFM, which is part of the Praxis Group, is acting as alternative investment fund manager (AIFM) for...

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Praxis and IFM to merge

Guernsey based Praxis Group and Jersey-based IFM Group have announced plans to merge and create one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands. Subject to regulatory approval, the new group will be known as PraxisIFM to reflect the merger of two existing businesses...

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