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In This Issue:Latest News: Taxing TimesCompliance Support Business Risk Awareness Workshop Getting Quality New Clients" Pre-Made Appointments?" in conjunction with Appointment-Gen Post-RDR Strategy Setting Workshop |
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Latest NewsTaxing Times Swiss Account-holders can keep anonymity, but must pay tax to HMRC The Tax Agreement between the UK and Switzerland in August 2011 is similar to the recent accord between Switzerland and Germany earlier that month and is likely to come into force in January 2013. The Swiss department of finance said in a statement that the agreement not only respects the protection of bank client's privacy, but also ensures the implementation of legitimate tax claims. Under the pact, residents of the UK can retrospectively tax their existing banking relationships in Switzerland either by making a one-off tax payment or by disclosing their accounts. George Osborne, Chancellor of the Exchequer, said: "Tax evasion is wrong at the best of times, but in economic circumstances like this it means that hard-pressed law-abiding taxpayers are forced to pay even more. "The days when it was easy to stash the profits of tax evasion in Switzerland are over." The one-off levy will raise around £5bn for the Treasury in 2013. Future investment income and capital gains of UK bank clients in Switzerland will be subject to a final withholding tax, and the proceeds of this will be transferred to UK authorities by Switzerland. Future investment income and capital gains should be directly covered by a final withholding tax that has been set at between 27% and 48%. In order to prevent new, undeclared funds from being deposited in Switzerland, it has been agreed that UK authorities can submit requests for information. Meanwhile, to retrospectively tax existing banking relationships in Switzerland, UK residents should be given one chance to make an anonymous lump-sum tax payment varying between 19% and 34% of the assets. The Finance Department said Switzerland and the UK have decided to facilitate mutual market access for financial institutions. The Swiss Bankers Association, which continually stressed the need for privacy to be retained, welcomed the deal. Impact: For advisers of clients that fall into the category for offshore deposits, Switzerland may not now be the best option until it is decided what action to take. Whilst potential loopholes exist, and critics complain about criminal exploitation, the HMRC, and other UK officials can request account details if it has just cause. Existing depositors will have the option of account disclosure or a one off payment in retrospective tax to clear the past. If You Need Assistance in any Sales Procedures, T&C Review or helping define your RDR proposition, contact CEI Compliance on 0800 689 9 689 NOW! For details of preparing for a regulatory visit us here
Post-RDR Strategy Setting Workshop CEI Compliance are conducting a one day workshop for IFAs, Small Fund and Wealth Managers nationwide
We provide a Workbook of over 50 pages packed with ideas, recommendations and thought provoking options for you to implement We offer you full autonomy and privacy and will provide you with a non-diclosure agreement as well as a "Workshop" to discuss the issues and ideas. This is a whole day event and be conducted on-site or off-site If you haven't got time for that, get the Ebook. Buy It Now by checking out the Ebook HERE
The only thing that sets you apart from the other firms in your area will be what you offer and the price you offer it at. The key is Value, Value, Value.
Don't just do what everyone else is doing
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Advertorial" Getting Quality New Clients " By Michael Browne, Appointment-GenAppointment-Gen - Providing IFAs with qualified, criteria driven pension review appointments Well, first things first; I want to thank the team at CEI for offering us space within their wonderful monthly newsletter. Platforms such as this are hugely important when looking to reach a very specific audience. We know this as well as anyone as our business is built on just that, ensuring we introduce the IFAs we work with to the right types of client; Clients that are receptive to the advisor, understand the role of an IFA and are in need of solid pension advice. This is a tough industry on all sides for various reason; the main one being the age old trust issue. Lead/appointment generation is not an easy job and it has been made harder by the broken promises and exaggerated claims of many 'lead' providers. "I like how you go about appointment generation but my fingers have been burnt so many times" is a sentence I have heard many an IFA utter. Our aim is to differentiate ourselves in a tough market place, and continue our efforts to make a solid brand built on quality service and profitable business generation. We do this through communication, hard work and a method of qualifying appointments that ensures that each appointment offers viable business opportunities. We have company rules to ensure we achieve our target for standards. Our Golden rules are;
There are many aspects of the financial industry that look to be changing in the next year or so. What will never change is the fact that this is a people focused industry. From the time our call centre generates an appointment to the time the pension switch/transfer is completed (and after) we must have the client and their needs at the forefront of our minds. Appointment-Gen help this along the way by having a very consultative approach to appointment generation. As long as we all make efforts to work together to the best interest of our clients we will all inevitably profit. Please contact us if you want more information/prices on our pension review appointments, we would love to hear from you. Let's grow together! Regards, Michael Browne End of AdvertorialNeed S166 Help? | Email Feedback  !!! NEW BOOK !!! |
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Looking For Compliance Support? The FSA issued 74 requests for S166 Reports in the first 10 months of 2011 with an average cost of £257,000Does your provider give you a 1 day Annual Strategy Setting Workshop (with comprehensive workbook covering 12 main RDR areas)?
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Provide specialist answers to your queries by industry experienced experts?
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