HSBC Life is to offer support to its advisers and their clients for registering trusts with the UK government’s new Trust Registration Service (TRS).
Advisers with written onshore investment bonds in trusts for clients will be affected by the new rules, created as part of changes in anti-money laundering regulations.
The new rules mean any UK express trust must register the details of their beneficial owners, the settlors, trustees, and beneficiaries with the TRS by 1 September. An...
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