Financial news

• Duke's £9bn inheritance prompts call for tax overhaul

  11-08-2016 21:40 via theguardian.com
  
  Pressure groups demand reforms after network of trusts enables Hugh Grosvenor to avoid significant cut to fortune The Duke of Westminster’s death has led to calls from tax campaigners to reform the system of trusts which has allowed Britain’s wealthiest families to preserve fortunes through generations by avoiding death duties.Related: Inheritance tax: why the new Duke of Westminster will not pay billionsContinue reading...
  
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• Turkey threatens to take down the banks for 'betrayal' by rejecting loans after coup

  11-08-2016 17:35 via feedproxy.google.com
  
  TURKISH leader Recep Tayyip Erdogan said banks that refuse company loans are betraying him.
  
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• New UK govt calls for stronger trade relation with India - Financial Express

  11-08-2016 16:54
  
  Financial Express
  New UK govt calls for stronger trade relation with India
  Financial Express
  UK Business and Energy Secretary Greg Clark has called for stronger bilateral trade ties with India and asked British companies to take advantage of opportunities the country presents. By: PTI | Published: August 11, 2016 8:21 PM. Clark, who was on a ...en meer »
  
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• Getting ill abroad can cost as much as A HOUSE

  11-08-2016 16:54 via feedproxy.google.com
  
  HOLIDAYMAKERS have been warned they could be left with a bill for hundreds of thousands of pounds if they need emergency medical treatment abroad.
  
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• Inheritance tax: why the new Duke of Westminster will not pay billions

  11-08-2016 16:37 via theguardian.com
  
  The fact that Hugh Grosvenor’s estate is held in a trust means that his £9bn inheritance is likely to remain largely intactHad the Grosvenor estate bequeathed to the new Duke of Westminster been liable for 40% inheritance tax, the amount owed to the Treasury would have been not far off the government’s entire death duty take for the last financial year.Hugh Grosvenor, however, avoids a significant cut to his £9bn inheritance because the estate is held in a trust.Continue
  
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• Aegon becomes UK's biggest platform with Cofunds acquisition - Financial Reporter

  11-08-2016 10:06
  Financial Reporter
  Aegon becomes UK's biggest platform with Cofunds acquisition
  Financial Reporter
  We are committed to growing our business alongside the intermediaries that we depend on and will use our enhanced scale to improve user experience, drive proposition enhancement and lower the cost over time. Aegon has confirmed the acquisition of ...en meer »
  
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• My partner wants a divorce – can he take 50% of my house?

  11-08-2016 08:00 via theguardian.com
  My house is registered at the Land Registry in my name only. I married my partner in July – now he wants a divorce and I’m worried I’ll lose half the houseQ When my parents died, they left me money which I used to buy my house outright, with no mortgage, in November 2015. It is registered at the Land Registry in my name only. My partner pays the household bills but I pay for food and the council tax.I am not in full-time employment. Recently my partner asked me to marry him and
  
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