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Technical articles

Inheritance tax and trust review for non-UK domiciled individuals »
Despite the previous announcement of the end of this series, I am delighted to continue sharing my trust and estate planning thoughts with you.
Markets misbehaving nicely »
The real difficulty is not in predicting whether markets will react or how they react, but by how much they will react. In July last year, the population of Greece voted to reject the bailout terms proposed by the European Commission, the International Monetary Fund and the European Central Bank. This was a major event since it was Greece's first referendum since 1974. The bailout was rejected in all regions of Greece, as well as across all Greek constituencies, giving the country's government an exceptionally strong mandate with which to repudiate its obligations. Bad news for the stability of the Eurozone? You would think so, and so did the European stockmarket falling 9% between the date of the announcement of the referendum and the vote to reject the bailout.
Back to business »
With the Brexit Referendum a distant memory it remains to be seen how pensions and employment legislation will be affected. Against this background, Parliament is due to return from summer recess on 5 September, at which point the report stage of the Finance Bill will commence, although this will of course be interrupted again when the party-conference season starts. Here is an explanation of what we are expecting from the Bill.
The Financial Ombudsman Service (FOS) and Buy to Let Complaints »
So your firm does the occasional bit of buy to let mortgage finance for investor landlords (BTL). BTL products are not and never have been regulated - right?
Brexit and Investment »
Where now for the UK? The referendum asked us whether we wanted to be 'in' or 'out', but not what kind of 'out' we wanted. This is unfortunate, as the question is a critical one for the future of our country. Politicians will have to infer an answer, knowing that the question was never properly debated. Do we want the 'lite' form of Brexit enjoyed by Norway, Switzerland and others, where nothing much changes? Brexit-lite would minimise economic uncertainty by maintaining existing trade arrangements with the European Union (EU); it would probably help foreign investment into the UK to resume and the Pound to recover much of its losses. Or do we want a more extreme, Canadian-style arrangement where we are clearly in control of immigration from the EU but, commercially, more isolated? This would take longer to negotiate, maximising economic uncertainty and prolonging weakness in the Pound.
Business succession planning »
The trust and taxation-related article in the previous issue highlighted the key points to bear in mind in connection with business protection trusts used in business succession planning.
Last word on business protection trusts »
As this is my last article in this series, I have been looking at the topics covered in the past, trying to decide which topic seems to be the most problematic and so deserving having one final go at.  Just then I received an enquiry about a shareholder protection arrangement which sounded distinctly odd. It was to be a share purchase arrangement involving a limited company effecting   a policy under a business trust and a cross option agreement.  So here goes.
Brexit and Pensions »
Let's be honest. Nobody forecast the result of the referendum with confidence and nobody has forecast the consequences with confidence. There will undoubtedly be an impact on pensions over the longer term (we are still members of the EU) and the markets will probably twitch at regular intervals in the absence of certainty as to their destination. Those twitches will be magnified further by the sheer difficulty of trying to divine how significant is the latest economic shock or encouragement.
Brexit - Let's not persuade ourselves into a depression »
Since the vote to leave the EU we've clearly entered a period of uncertainty, which some may consider to be 'open-ended'.
Surviving a critical illness »
Most homebuyers purchase life assurance when they arrange a mortgage, but only a minority obtain another form of financial protection that they are five times more likely to need before they reach retirement.
BTL - no place for amateurs »
Mortgage brokers have had to adapt to a changing world and since 2008 have demonstrated their resilience in the face of a variety of challenges, including seismic shifts in compliance and greater demands from customers in terms of fulfilling the growing variety of funding requirements.
Battle of the ISAs »
Providing the Lifetime ISA is implemented as we expect, then from April 2017 first-time buyers will have a choice of the Help to Buy ISA and Lifetime ISA.
Trust wording »
One of the key benefits of trust law is that, apart from a couple of restrictions relating to legality and perpetuity, it is pretty much up to the individual settlor to decide the terms of a trust. It should go without saying that, in addition to the trust provisions being legal, the words used should make sense.
Staying invested through the turmoil »
Markets experienced significant turmoil as they attempted to price in the immediate impacts and longer-term risks of the surprise Brexit vote. European and FTSE 250 shares fell sharply, as did the Pound.
Mortgages: a route to consumers? »
On June 16, the research arm of Protection Review, known as The Syndicate, launched its 2016 report looking at consumer and adviser sentiment regarding protection and financial matters. The research showed that there was very little appetite among consumers to purchase protection products with 45% of those surveyed saying that nothing could persuade them to buy protection and only 24% of people saying that they were more likely than a year ago to review their protection needs with a view to increasing the level of cover.

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