News & Insights

The Cayman Islands or “Cayman” consists of three islands; Grand Cayman, Little Cayman and Cayman Brac.  They remained mostly uninhabited until the 17th century.  The earliest settlors consisted of pirates, refugees, “lost at sea” sailors and migrants from other neighboring islands.  In 1670, England gained control of the islands which remains a British Overseas Territory to this day.

Making contingency plans for the unexpected is an essential part of wealth management. However, this aspect of financial planning should not be confined simply to strategising for the possibility of inflation, volatility, currency exchange movement and other macro factors; it should also account for personal factors. For example, how might your circumstances and goals change over time and are your retirement financial plans flexible enough to respond to these changes?

Examples of changes in personal circumstance include long-term care and medical costs, or large one-off capital expenses. And another important question, albeit loaded, is that of divorce.

There is good reason to address this question; 2017 data from the Office for National Statistics reveals that despite overall divorce rates for opposite-sex couples being at their lowest level since 1973, divorce among older people is actually rising.*

The Cayman Islands has signalled its intention to invite greater Chinese investment opportunities following recent corporate events in Asia in which Cayman Finance CEO Jude Scott spoke about the potential for increasing collaboration.

While attending events in Shanghai, Beijing and Hong Kong, Scott, whose organisation is charged with protecting, promoting and developing the Cayman Islands' financial services industry "through cooperation and engagement with domestic and international political leaders, regulators, organisations and media", spoke of how The Cayman Islands could use their status in the wealth management industry to benefit Chinese investment.

We are thrilled to announce that Blacktower Financial Management has achieved remarkable success at the prestigious International Adviser Best Practice Adviser Awards. These accolades highlight our dedication to excellence in the financial advisory sector and underscore our position as a leading performer in the industry. Best Adviser Firm (Europe) Blacktower Financial Management has clinched the […]

The landscape of work has been transformed, with more British professionals considering Spain as their preferred destination for remote work. It’s easy to see the appeal of remote working in Spain, particularly in the depths of a British winter. Why not jet off to somewhere sunny and bright, where sandy beaches and crystalline waters give […]

Recent developments in France’s immigration policy could bring significant changes for British second-home owners in the country. A new law, part of a broader immigration bill, has been proposed and is currently under review, which, if approved, would grant automatic long-stay visa rights to Britons owning second homes in France.  However, it’s important to note […]

In 2024, France will experience several financial and regulatory changes, impacting banking, property, and taxation. This overview delves into the upcoming shifts. The iconic Livret A bank account maintains its 3% interest rate for the entire year. More broadly, banking rules, property reporting requirements, and tax brackets are set to evolve. French Pensions and Benefits […]

Blacktower is thrilled to announce a landmark achievement in its global expansion strategy securing a full licence from the Dubai Financial Services Authority (DFSA) for BlacktowerFinancial Management in the Dubai International Financial Centre (DIFC). This pivotal development underlines the company’s commitment to being a frontrunner in the financialservices industry and significantly elevates its international presence. […]