Posts Tagged ‘ Nigel green ’

“Knowing is not enough, we must apply. Willing is not enough, we must do.”Bruce Lee

Great quote !

“Knowing is not enough, we must apply. Willing is not enough, we must do.”

Had to re blog from Nigel Green .

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Don’t wait for extraordinary opportunities. Seize common occasions and make them great. Weak men wait for opportunities; strong men make them.

Inspired by our conference here in Seoul ,

Tony Evans

Don’t wait for extraordinary opportunities. Seize common occasions and make them great. Weak men wait for opportunities; strong men make them.

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How much does it take to be wealthy?

How much does it take to be wealthy?.

How much does it take to be wealthy?

How much does it take to be wealthy? Would others consider you wealthy? That would depend on where in the world you live, reveals a new poll carried out by the world’s largest independent financial advisory organisation.

The deVere Group survey finds that in Hong Kong the average level of wealth someone would need to have to be deemed ‘wealthy’ would be 2.8 million USD (21.7m HKD*), in the United Arab Emirates it would be 2.6 million USD (9.5m AED*), in the United States it would be 1.4 million USD, in the United Kingdom it would be 1.3 million USD (837,000 GBP*), and in South Africa it would be 1.2 million USD (11.9m ZAR*).

More than 900 deVere clients throughout June and July, across these five territories – from where the international financial consultancy runs some of its largest operations – were asked ‘At what level of personal wealth would you term someone wealthy?’

In Hong Kong, UAE, USA, UK and South Africa, the overall average level of wealth that people would need to have acquired, according to those surveyed, would be 1.86 million USD.

The poll was undertaken to help gain a more in-depth understanding into the perception of wealth. This will further empower the deVere Group to better understand clients’ financial thinking and, therefore, how best to advise them to reach, and even exceed, their long-term financial goals.

Those polled were, in addition, asked ‘Does money bring you happiness?’ The overwhelming majority believe that it does. 86 per cent of those in Hong Kong replied ‘yes’, with 84 per cent in the UAE, 81 per cent in the US, 77 per cent in the UK, and 72 per cent in South Africa responding in the same way.

Overall, 80 percent of the survey’s participants believe that money does bring happiness.

Of the two sets of findings, deVere Group’s founder and chief executive, Nigel Green, comments: “The poll highlights that wealth is a subjective, largely relative, issue.

“It’s our experience that an increasing number of people across these five territories are becoming what would be deemed as ‘wealthy’. However, whatever level you are financially, the most vital thing is to have a sound, workable, progressive financial strategy.

“In addition, as the findings reveal, it is widely believed that money can bring happiness. Many things can make us happy, but I suspect the reason why most people insist money is a major contributor to happiness is because it provides a wider scope of opportunity.”

*Approximate figures.

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BT Pension Deficit swells to £6billion !

BT pension funds has continued to widen at an alarming rate !Liabilities at the £41bn BT Pension Scheme rose twice as fast as assets.

The deficit has swelled to £5.7bn ! Expert believe this looks at growing to £7b very soon or 30% of market cap !

“The increase in the deficit during the year principally reflects an exceptionally low real discount rate of 0.87%,” the report noted.

“This includes the impact of quantitative easing on the debt markets and a higher inflation assumption.”

Nigel Green CEO deVere group wrote in his blog A Big Company Pension will Fall shortly, will it be BT ? looks like he could be right !

If you have any questions please don’t hesitate to contact me .

Tony Evans

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Professional Pension Article- Young workers must save £800 per month:

Interesting article on research by deVere group and comments by Our CEO Nigel Green

http://uk.finance.yahoo.com/news/824-a-month–the-cost-to-save-a-decent-pension-125856156.html

Professional Pension Article :Young workers must save £800 per month: deVere

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FATCA delayed again

FATCA delayed again.

Banks and financial institutions around the world breathe a sigh of relief as the US delays the controversial FATCA once again.

In a statement issued at the end of last week the US Department of the Treasury announced that financial institutions based outside of the USA have been given six more months to complete all the procedures necessary to comply with the US Foreign Account Tax Compliance Act (FATCA).

The FATCA system is intended to stamp out tax evasion and the hiding of incomes by US taxpayers, requiring all foreign financial institutions to disclose information about their US clients.

The withholding provision was scheduled to come into effect on January 1st 2014, but, according to the Treasury, the date has now been pushed back to June 30th 2014.

Commenting earlier on his blog, deVere Group CEO Nigel Green said “To my mind, this latest date change signals how the US Treasury is continuing to struggle to have all the world’s governments sign up to the intergovernmental agreement (IGA). The IGA would force those countries’ financial institutions to report their American clients’ financial activities directly to the IRS – or be hit with a 30 per cent withholding tax and be effectively blocked from doing any kind of financial transactions with the US”.

To read the rest of Nigel Green’s blog
, please click here.

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deVere confirms acquisition of Gulf-based advisory firm, Acuma

Nigel Green : CEO devere Group Blog on announcement

deVere confirms acquisition of Gulf-based advisory firm, Acuma

News ;

(Update) DeVere buys Gulf-based advisory firm Acuma

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