News & Insights

At time of writing, Brexit ‘negotiations’ are ongoing with a matter of weeks remaining before the UK’s exit from the European Union. All UK firms operating in the EU will be impacted and that includes those providing financial services also.

So how does this affect Cyprus residents and your relationship with financial services providers in the UK?

Assuming the UK leaves the EU without a withdrawal agreement by 29th March then UK financial advisers will be unable to service their clients who are resident in Cyprus and all other member states outwith the UK. This is because UK firms have previously been able to ‘passport’ their services across the EU. If there is no deal then such passports will effectively be torn up.

Having entered 2024, the UK’s pension landscape stands on the brink of significant transformation. The past year has been a watershed for pension policy, marked by groundbreaking reforms and unexpected policy shifts. UK pension changes for 2024 herald both opportunities and challenges for savers, making it crucial to stay informed and adapt strategies accordingly. Below, […]

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.

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.

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 […]

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 […]

Recent developments in France’s immigration policy could bring significant changes for British second-home owners in the country. Read our guide here about the new automatic Visa plan in France and new rules for second home owners in France. A new law, part of a broader immigration bill, has been proposed and is currently under review, […]

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 […]