Utmost Group

In the second of our video series featuring Mark Christal, our Chief Distribution Officer for Hong Kong and North East Asia, we chat to him about the issues partners and clients are facing during their wealth planning discussions. One of the main topics relates to clients having overseas assets and potential beneficiaries resident in different countries. Let’s hear from Mark as he discusses recent research on millionaires’ key migration trends, the potential tax liabilities and the impact on long-term wealth planning.

We are delighted to announce the completion of our acquisition of Lombard International Assurance Holdings S.A. This acquisition confirms Utmost International as a leading global provider of international life assurance and strengthens our position in key markets throughout Europe. We would like to take this opportunity to welcome our new colleagues, clients and partners to the Group.

December’s update from HMRC shows that UK Inheritance Tax (IHT) receipts reached £5.7 billion through the first two-thirds of this financial year (April to November). Read our latest press release and commentary from Head of UK Technical Services, Simon Martin about what this might mean for advisers and their clients: https://lnkd.in/exYY34ex.

🎄 Season's Greetings and Best Wishes for the New Year! 🎄 As the festive season approaches, we extend our warmest wishes to our colleagues, partners and clients around the world. This year has been marked by remarkable achievements, all made possible through your unwavering support. Looking ahead to the new year, we are excited about the opportunities that await us. Here's to a prosperous and fulfilling 2025!

We recently caught up with Mark Christal, our Chief Distribution Officer for Hong Kong and North East Asia, to find out what issues partners and clients are raising during their wealth planning discussions. One of the topics is the use of a will. Wills are commonly used for succession planning, but they can be subject to challenge and time delays, often becoming publicly available through the probate. Let’s hear from Mark about how clients and their advisers might address these challenges. #successionplanning #wealthplanning #PPLI #VUL

We are delighted to announce that we have received all necessary regulatory approvals to complete our acquisition of Lombard International Assurance Holdings Sarl. The acquisition is expected to complete on 30 December 2024. The acquisition brings together two large-scale insurance-based wealth solutions businesses, strengthening Utmost’s position in key European markets and providing a strong platform to serve its clients’ long-term financial needs. On completion, Lombard International will become a part of Utmost International, the international life assurance business of Utmost Group. We look forward to welcoming Lombard International’s employees, clients, and partners to Utmost Group. Please read our full statement here: https://lnkd.in/dupHRrTJ

Stay Ahead with PULSE: Your Quarterly Regulatory and Compliance Round-Up Keep your finger on the industry PULSE with our quarterly roundup of the most important regulatory and compliance developments in the wealth management sector.   Check out PULSE in each edition of NAVIGATOR. This invaluable tool highlights upcoming regulatory, tax, and compliance changes. Whether at the UK, EU, international, or local level, PULSE keeps you informed and prepared. Updated with every edition, PULSE provides you with the most current information available.   Explore the full issue on the NAVIGATOR website: www.utmostnavigator.com   #Pulse #Navigator #TechnicalBriefing #UtmostWealthSolutions #IndustryInsights

Proud Sponsors at the Media Isle of Man Awards for Excellence! We were delighted to once again sponsor this year’s Media Isle of Man Awards for Excellence, proudly supporting the Community Initiative of the Year Award. A huge congratulations to Crossroads Isle of Man for winning the award! Their work is truly inspiring, providing over 150,000 hours of community care to support 500 families across the island. Crossroads’ dedication to carers, their forward-thinking carer strategy and the unwavering commitment of their staff make a profound difference in our community. Well done Crossroads Isle of Man – a well-deserved recognition! #AwardsforExcellence #CommunityMatters #SupportingCarers #UtmostInternational

In each edition of NAVIGATOR, we will shine a light on pivotal topics that matter to you. Our first edition was all about Portability. Spotlight Highlights: > Brendan Harper, our Head of Asia and HNW Technical Services, introduces the innovative Utmost Continuity Service. This game-changing service ensures our policyholders remain compliant and secure, no matter where life takes them. > Peter Tung, Tax & Legal Counsel – Asia, shares expert insights on using Life Insurance for a seamless, tax-efficient move to Australia. Don't miss out on these must-read articles and more! Explore the full issue on the NAVIGATOR website: www.utmostnavigator.com #Portability #TechnicalBriefing #Navigator #UtmostWealthSolutions #IndustryInsights

Our Head of Wealth Protection for Europe, Ugo de Grenet, participated in a roundtable interview hosted by Wall Street Italia at the AIPB - Associazione Italiana Private Banking Forum in Milan on 21 November. Alongside Claudio Detti, Co-Head of Deutsche Bank's Private Bank, and Filippo Molinari, lawyer at Withers, they discussed the generational transition of entrepreneurial families. In this insightful discussion, Ugo explained how life insurance policies can play a crucial role in generational succession, the advantages they offer, the types of investments that can be included, and the proportion of wealth that should be allocated to these policies. Thank you to Massimiliano Volpe for moderating this engaging conversation. Watch the full interview here: https://lnkd.in/d2_d6YPs #PrivateBanking #WealthManagement #LifeInsurance #GenerationalWealth #AIPBForum #WallStreetItalia