There have been a number of recent press articles about the role of STEP, a leading professional body, in the wealth management industry. Some of these articles have presented a highly distorted view of STEP and the activities of our members. STEP members, known as TEPs, spend their professional lives helping families plan for their… Read More STEP – the reality
STEP’s Charities UK and Philanthropy Advisors Special Interest Groups hosted a seminar on Charities and Brexit on 6 September presented by STEP members Ed Powles TEP and Tom Dumont TEP and chaired by Suzanne Reisman TEP, writes Emily Deane. According to those in the charity sector there was an immediate drop in charitable donations after… Read More How will Brexit affect the third sector?
As part of our ongoing work to ensure the safety and security of our members, STEP is currently working towards becoming fully compliant with the latest Payment Card Industry (PCI) Security Standards. This means that we will be making changes to the way we accept payments and handle sensitive information. What is PCI Compliance? PCI Compliance… Read More STEP and PCI Compliance
There are many awards in the financial services sector these days – barely a fortnight goes by that I do not see an article or press release about an award being given to some deserving individual, firm or jurisdiction. However, the STEP Private Client Awards stands out for two reasons: firstly, the fact that STEP… Read More Why the Private Client Awards stands out – a judge’s perspective
Whatever may have happened over the last six months has no doubt been dwarfed by the EU referendum result and the seismic political fallout and current uncertainty on so many fronts – political, economic and financial – before we begin to consider the outcome of the Brexit negotiations. STEP is monitoring the situation closely and… Read More STEP England & Wales Biannual Statement – July 2016
Moshe Asher, Director General, Israel Tax Authority (ITA) told the recent STEP Israel Annual Conference, how the ITA reached out to tax payers in Israel, encouraging them to come forward and regulate their tax affairs. Last year the ITA sent more than 100,000 letters to those suspected of evading taxes. Mr Asher said, ‘In Israel there… Read More STEP Israel Annual Conference hosts Moshe Asher
As its June 2015 Newsletter declares, HMRC aims to issue an IHT421 probate summary in ten working days from receipt of an IHT400 Inheritance Tax Account. However this does depend on the inheritance tax being paid first. If it has not been credited to the HMRC account, your IHT400 goes into a different, and slower-moving, pile… Read More HMRC’s timescales for dealing with IHT
Enhance has been involved with STEP’s annual Private Client Awards for six years now, providing the judges with data analysis to give a clear picture of what firms submitting applications for ‘Investment Team of the Year’ have achieved over the last 12 months. Using proprietary fintech software, the analysis reviews investment performance and risk over… Read More PCA Investment Team of the Year Award: what to expect in the judging process
STEP’s Global Congress, coming up in Amsterdam this summer, will be looking into a number of topical issues, including how wealth is being passed on death to the next generations. Wills do not represent the only way in which wealth is being transferred on death. A person can use a variety of other mechanisms, including… Read More Where there’s no will, there’s a way…
I can’t quite believe that my three-year term as Chair of STEP’s UK Practice Committee has reached its end! I was extremely honoured to have held the position, which opened my eyes to the great lengths that STEP members will voluntarily go through to assist fellow TEPs and share their breadth of knowledge. Guidance notes,… Read More Time flies when you’re having fun!
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