Blacktower sponsored NORCECA beach volleyball tournament

The government has provided further reassurance on the future of expat pensions and other financial products and services post-Brexit, with Brexit secretary Dominic Raab dismissing a Department for Exiting the EU technical paper which had appeared to cast their futures into doubt.

During a press conference, Raab had no hesitation in saying that access to expat pensions was little more than “a practical issue that we will be able to resolve”.

Raab’s statements were measured and entirely unflustered by some of the more recent sensationalist pronouncements on the subject. For example, he carefully explained that although a no-deal Brexit would have an inevitable impact on Britain’s contractual arrangements with EU member states, it was extremely unlikely that individual country to country relationships would suffer.

At the moment, politicians across the world – especially, it seems, in the UK – are in the spotlight regarding their tax affairs. Banks, however, will also soon be in the spotlight, as by Friday 15th April they have been told to hand any information regarding their dealings with the law firm at the centre of the Panama Papers over to the UK’s Financial Conduct Authority.

As a result, pressure is growing on the City watchdog to launch a full-blown investigation into these explosive claims.

It has already become clear that nearly all of the major banks are involved to some degree, with a few well known Banks such as HSBC, Deutsche Bank, UBS, Coutts and Rothschild’s standing out more than others.