Eprivateclient

News Team, 29/06/2026 The UK government will simplify inheritance tax (IHT) reporting requirements for certain non-taxpaying trust transfers and trust events. These changes will remove the requirement for some trustees and individuals to submit IHT accounts where no tax is due, reducing administrative burdens. The UK government said this measure will provide "greater clarity and efficiency" in the reporting process. The government will lay regula...

A look back at the most read stories onthewealthnet from last week... Scottish wealth and financial planning firm Murphy Wealth appointed Shane Presleyas a senior financial planner. In his new role, Mr Presley supports Murphy Wealth’s expansion plans, while helping to develop the wider team.

New research, conducted by YouGov on behalf of UK wealth management and employee benefits firm Mattioli Woods, has highlighted a persistent reluctance among over-55s in the UK to discuss inheritance, alongside significant gaps in understanding of Inheritance Tax (IHT) rules and estate planning. Despite expectations of generational wealth transfer, the report highlighted that inheritance remains one of the UK’s most avoided financial conversations. A quarter of ...

The 2026 eprivateclient Crown Dependencies NextGen Leaders is based on PAM Insight's experience and knowledge of which individuals in Guernsey, the Isle of Man and Jersey are rising stars, and why. This annual listing is a further development of the eprivateclient Channel Islands NextGen Leaders which launched in 2023 to replace the eprivateclient Channel Islands Top 35 Under 35 and ran success...

Sustainable investing appears to have entered a more subdued phase, with private wealth specialists increasingly questioning whether momentum has faded or the narrative has simply changed. At the heart of this debate lies a disconnect between the perception of environmental, social and governance (ESG) investing and its reality. While the framework appears less visible in product marketing and fund labelling, many specialists believe the underlying activity r...

King Charles III has revealed a £12.9 million tax bill for the year 2024-25. On 21 June, the Palace announced that, for the first time, the monarch would publish his personal tax bill. Later, on 25 June, the Royal Household disclosed the figures alongside its annual financial reporting and the Sovereign Grant Report. Based on estimates in the Sunday Times Tax List, the King's £12.9 million tax bill would place him among the UK's 100 largest taxpayers.<...

Andrew Horbury is the founder and chief executive of Cavenwell Group, a Middle East-based global fiduciary services provider. Cavenwell Group offers corporate, fiduciary and private wealth services to a range of clients including ultra-high net worth family offices and digital asset firms. Mr Horbury has experience in digital assets, international wealth management and fiduciary services. Alongside his position at Cavenwell Group, he is also the founder of Ass...

Katie Royals, 25/06/2026 Michel Frey, head of HNW, London, UBS The UK is still an attractive environment with strong fundamentals for entrepreneurs, but certain complexities, and succession planning concerns are increasingly driving client behaviour and strategic decisions. This is the sentiment of the respondents of the 2026 eprivateclient Entrepreneurs Survey, in collaboration with UBS. Overall, the most dominant lens for client decision making is tax...

An energy services firm has paid more than £500,000 to HMRC for breaching Russia sanctions regulations. Petrofac Facilities Management Limited (PFML) paid a £569,157 compound settlement and has become the first company to be publicly named by HMRC for accepting such a penalty. The breaches by PFML occurred in 2022 and 2023 while the company was winding down its Russian operations. The company supplied sanctioned industrial goods t...

HSBC has appointed Dimitri Anghelakis as global head of trust and fiduciary services (TFS). Mr Anghelakis has succeeded Brent York, who will retire after over three decades at HSBC. Mr York will remain as an adviser until the middle of 2027 to support the transition. As part of the leadership change, TFS will be integrated into HSBC Private Bank, with Mr Anghelakis reporting to Ida Liu. Mr Anghelakis has experience working across wealth, insura...