Archive for the ‘ deVere ’ Category

J.P. Morgan Asset Management launches JPM Fusion Fund range through deVere Group

J.P. Morgan Asset Management launches JPM Fusion Fund range through deVere Group.

deVere Group Tony Evans supports Executive Fight Night in Tokyo

Press Release on deVere Group Tony Evans supports Executive Fight Night in Tokyo

deVere Group Tony Evans supports Executive Fight Night in Tokyo

deVere Group Area Manager Tony Evans is sponsoring the up-coming Tokyo edition of Executive Fight Night, the worldwide popular sell-out charity boxing event.

The Executive Fight Night is a global success story where executives from all walks of life sign-up for intensive boxing and fitness training with the aim of taking part in the black-tie boxing event at which they fight in front of hundreds of guests cheering them on.

On the inaugural Fight Night, sixteen courageous Tokyo-based executives will fight against each other in a safe, professional, Vegas-style black-tie boxing event.

The up-coming edition of the Executive Fight Night, where deVere Group Area Manager Tony Evans will be Gold Sponsor, will take place at the Grand Hyatt Hotel in Tokyo and guests will enjoy a 4-course sit-down dinner.

Ginja Ninja GK sees the event as a great opportunity to fight for a good cause, with all the money raised from the charity auction and raffle going to an exceptional cause. In 2013, the charity of choice will be Refugees International Japan, a non profit organisation dedicated to raising funds to assist refugees who have been displaced as a result of war and conflict.

deVere Group Area Manager Tony Evans commented, “It is a privilege to be named Gold Sponsor of the popular Executive Fight Night. I am sure it will be a fun night for deVere clients attending exclusively. In addition, we hope to raise as much money as possible for such a noble cause.”

Ginja Ninjas Co Founder Eddie Nixon stated, “We are extremely excited and proud to have the deVere Group on board as a premium partner for Executive Fight Night, Tokyo’s hottest premium event amongst both local and international executives. This support from Tony Evans and the deVere Group here in Japan will undoubtedly add to the quality of the night and be a key boost to help us achieve our fundraising goals for this year’s charity of choice, Refugees International Japan”.

Refugees International President & CEO Jane Best added, “Refugees International Japan is the chosen charity for EFN II with all proceeds from the exciting ‘Bid for Hope’ live ‘telethon’ style auction and raffle going to support RIJ priority projects in Syria, Burma and Uganda. RIJ and EFN II are aiming to raise 8million yen to help change the lives of thousands of refugees by providing essential health, education and resettlement kits that will ultimately enable families to rebuild their lives and return home”.

-End-

http://refugeesinternational.org/

http://ginjaninjas.com/

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Key Points of the 2013 Budget

Personally I saw a true Conservative Chancellor , reducing tax , corporate and income , right to buy .

I think these measures could be the kick start the country requires ,

Chancellor has placed a lot of faith in the new Bank of England Governor , this could be a smart move as he has given the Bank new powers .

As I type this the pound strengthened ,Gilt yields steadied showing that the markets liked the budget , and to tell the truth the markets are always correct .

Key points on the budget by deVere Group , click on the link for updates .

deVere Group -UK budget Update as it happened

UK Chancellor George Osborne has just started delivering the long-awaited 2013 Budget speech – the Budget for people who ‘work hard and get on’. More importantly, this is a Budget ‘for those who want to own their own home, get a job’.

Whilst acknowledging that the Government has cut the nation’s deficit by a third and created 1.2 million private sector jobs, Osborne assured that the 2013 Budget will combine ‘monetary activism’ with ‘fiscal responsibility’ and ‘supply side reform’.

OBR halves UK growth forecast for 2013 – now predicts 0.6% economic growth in 2013, 1.8% in 2014 and 2.3% in 2015. There will also be 600,000 more jobs created this year and 60,000 fewer people claiming jobless benefits.

The deficit will fall to 5.4% in 2014-15, according to Osborne. However, the OBR sees the 2012/13 budget deficit at 7.4% of GDP and 6.8% in 13/14.

Public sector net debt will peak in 2016/17. The supplementary target – that net public-sector debt would fall, will not be met.

Osborne is on course for a ‘fiscal mandate’ to balance the books over a rolling five-year period.

Total spending for 2015/16 has been set at £745 billion. Public sector pay increases will be limited to 1%.

Saga’s Ros Altmann commented on the Bank of England’s remit at 2% as ‘good but irrelevant’.

Britain is said to have the lowest rate of corporation tax at 20%. According to Capital Economics, this will cost about 400 million and will be paid for by an increase in the bank levy to 0.142% from 0.13%.

Osborne said that he will abolish stamp duty on shares traded on markets such as AIM – the London Stock Exchange’s international market for smaller growing companies.

The single tier pension will be brought forward by a year to 2016.

‘Shale gas is part of the future and we will make it happen’. The Government will introduce generous tax breaks to promote early investment in shale gas.

£3.5 billion will be set aside to provide shared equity loans to help buyers over the next three years. As long as a buyer has a 5% deposit, the government will give ‘anyone looking to move up the housing ladder’ a 20% equity loan, to be repaid when the house is sold.

The September fuel duty rise will be scrapped. Capital Economics estimates that this will cost the Treasury £700 billion.

The 3p rise in beer duty will be scrapped and instead a beer duty will be cut by 1p from Sunday.

The coalition government is to make ex-gratia payments of £5,000 to Equitable Life customers who brought with-profits annuities prior to 1992.

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Kuroda Bank of Japan Governor – Japanese but with a Oxford mindset ?

Prime Minster Abe has now got everything in place for Abenomics to take effect ,

What a lot of people don’t know is that Haruhiko-Kuroda is a Oxford graduate and as such has a very different mind set to his predecessors , Shirakawa’s studies at the University of Chicago in Milton Friedman’s advocacy of low inflation and disciplined central banks in the context of well-run budget policy.

Kuroda said in parliament last week that he is well acquainted with U.S. Federal Reserve Chairman Ben S. Bernanke, European Central Bank President Mario Draghi and departing Bank of England Governor Mervyn King, very different to his predecessor as he is keen to get Japan back on the international stage.

So much has been placed on his shoulders , personally I think he is up to the task , I can see a economic revival here .

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Kuroda Bank of Japan Governor – Japanese but with a Oxford mindset ?

Prime Minster Abe has now got everything in place for Abenomics to take effect ,

What a lot of people don’t know is that Haruhiko-Kuroda is a Oxford graduate and as such has a very different mind set to his predecessors , Shirakawa’s studies at the University of Chicago in Milton Friedman’s advocacy of low inflation and disciplined central banks in the context of well-run budget policy.

Kuroda said in parliament last week that he is well acquainted with U.S. Federal Reserve Chairman Ben S. Bernanke, European Central Bank President Mario Draghi and departing Bank of England Governor Mervyn King, very different to his predecessor as he is keen to get Japan back on the international stage.

So much has been placed on his shoulders , personally I think he is up to the task , I can see a economic revival here .

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UK Firm Pensions: Is the End Nigh? « BCCJ Acumen – The Magazine of the British Chamber of Commerce in Japan

My article on UK pension and the risks facing them , And how individuals can protect themselves .

Clink on the below link to have a look .

UK Firm Pensions: Is the End Nigh? « BCCJ Acumen – The Magazine of the British Chamber of Commerce in Japan.

Re blogging from @nigeljgreen “Canada could determine the fate of a controversial new US tax law FATCA “

I re blogging Nigel Green blog on Canada or FATCA .

http://www.nigel-green.com/2013/03/14/canada-could-determine-the-fate-of-a-controversial-new-us-tax-law-fatca/

Canada’s preeminent constitutional legal expert could provide another ‘nail in the coffin’ for FATCA, a far-reaching and highly contentious new tax law that the US intends to impose on countries worldwide.

The Foreign Account Tax Compliance Act, or ‘FATCA’, which Washington is aiming to implement from 1st January 2014, will require every single financial institution in the world to report all their American clients’ financial activities directly to the US Internal Revenue Service (IRS). Should financial institutions fail to comply with FATCA, they will suffer a 30 per cent withholding on every financial transaction of US origin.

The US Treasury claims FATCA is a vehicle to catch tax evaders but, in effect it will do very little to address the real concerns over tax evasion.

Instead, FATCA, in my opinion and in that of experts worldwide, is simply a form of US financial imperialism that will violate the laws of independent nations across the globe.

Recently, Peter Hogg, one of Canada’s highest profile constitutional experts has echoed this view and told the Canadian government that FATCA might violate the country’s Charter of Rights and Freedoms and, potentially other existing federal and provincial privacy laws.

In a detailed letter to Canada’s Finance Department, which is handling the negotiations with the US to have Canada sign an intergovernmental agreement (IGA) to force its financial institutions to become FATCA-compliant, Hogg wrote: “The procedures mandate by the model IGA are discriminatory in a way that would not withstand Charter scrutiny.”

These procedures effectively treat individuals differently, and adversely, based on an immutable personal characteristic, specifically citizenship. If Parliament were to enact legislation authorizing and permitting this type of differential and adverse treatment, the legislation would contravene the equality protections in section 15 of the Charter.

There are approximately one million people in Canada who could be brought into America’s tax net under FATCA, meaning Canada is a critical country if the FATCA project is going to be at all effective for the US Treasury.

I am hopeful that the Canadian parliament will, ultimately, agree with the arguments set out in Hogg’s letter and move to reject FATCA.

Should this happen, I would imagine that the White House will look to repeal FATCA – especially as other economically and politically influential countries such as China are also likely to rebuff an IGA on FATCA because it contravenes their own laws.

Nigel Green deVere Group

Blog written 14th March

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