With regard to the recent feature on domicile, I think the panel of experts omitted one fact.It is not possible to be domiciled “in the UK” for most international purposes – the country is the United Kingdom which comprises Great Britain and Northern Ireland. Great Britain comprises two different jurisdictions (England/Wales and Scotland), while Northern Ireland is a third, separate, jurisdiction. As domicile relates to jurisdiction, not nationality or residence, one can therefore be domiciled in England/Wales, or in Scotland, or Northern Ireland. The position is similar in the US. Many US legal concepts are drawn from pre-1776 English ones. The result is that a US national has to be domiciled of one of the 50 states – each of which has a legal system distinct from each other. Federal law binds the US as a nation, just as Acts of Parliament bind the UK. As US states have certain powers under the US constitution, the Scottish Parliament and the Northern Ireland Assembly also have powers by devolution. The concept of domicile is not “unique to the UK”. However, it is unique to the English common law system which applies to many Commonwealth countries, plus the US. Jeffrey ShawSenior associate solicitorTaylor and Emmet
Oceanic Asset Management
ACDS Australian Natural Resources Fund
Building Societies’ Association press and public affairs officer Rachel Le Brocq was absolutely devastated when the BSA moved offices, losing all her pictures of David Hasselhoff in the process, a colleague reveals. But who should ride to the rescue? Ex-MM and Money Mail hack James Coney – head and sole member of the Journalists’ Hasselhoff […]
Skipton Building Society has established the double asset bond 2, a product which combines a FTSE-100 linked guaranteed equity bond with a one-year fixed-rate savings account.
Zurich has added 27 funds to its pension fund range, bringing the total to over 100. Funds from 10 new companies are now available, including Invesco Perpetual, Artemis and New Star.
By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]