A look at the most read stories on eprivateclient this week…
Monday
The 2020 eprivateclient Top Trust Company rankings were revealed with 43 firms who generated over £1 billion in fee income in 2019 featuring this year.
The UK Law Commission called on the UK government to give couples more freedom to choose where they marry. Proposed new rules would work better for the wide range of groups wanting to conduct weddings and would reduce the cost of getting married.
Tuesday
Alan Roughead, head of private client at UK law firm MacNabs, has been promoted to partner. Mr Roughead, who joined Macnabs from MacRoberts in 2017, heads up the private client team, advising clients on a variety of issues.
The Solicitors Regulation Authority (SRA) announced that it is recruiting four new board members as two lay and two solicitor members reach the end of their terms. As part of a pledge to increase diversity on its board, the SRA said it was looking to recruit people who "reflect the communities that solicitors serve and the increasing diversity of the profession itself".
Wednesday
An Italian tax break scheme designed to attract wealthy individuals has been taken up by a number of Britons. The EUR100,000-a-year flat tax, payable on money earned abroad by anyone who changes their tax residence to Italy, has seen 784 high worth individuals move to Italy in the past two years since the scheme began.
The 2020 eprivateclient Middle East Report was published featuring articles from firms including Crestbridge, Bedell Cristin, Ocorian and more.
Thursday
Global fiduciary services provider Zedra appointed Sally Orton to the role of group CFO, as the group plans the next phase of its strategic and financial growth. Alongside her group financial brief, Ms Orton will also head the operational side of the group, including HR and operations.
Royds Withy King’s (RWK) London head of private client was appointed as co-chair of The Law Society’s Wills and Equity Committee. Rod Smith will be joined by Lorraine Robinson, head of legal at Farewill, as co-chairs of the committee. Having worked at RWK for five months, Mr Smith previously spent seven years at Stone King.
Friday
Crestbridge bolstered its Cayman family office services team with the appointment of Emma Santiago as a director. Ms Santiago joined Crestbridge this month from Rawlinson & Hunter where she was an associate director. Ms Santiago had worked at Rawlinson & Hunter since 2009.
London-based tax advisory firm Blick Rothenberg called on the UK government to provide a tax relief on the cost of a season ticket if it wants to get people back to work. Robert Pullen, a partner at the firm, urged HMRC to provide tax relief of 50 percent of the average season ticket until the end of the tax year, paid in the same way as the flat rate home working relief of £6 per week.