Anna Pollitt

1 day ago | spearswms.com | Anna Pollitt

Glastonbury founder Michael Eavis has transferred ownership of the legendary festival to his daughter and a family trust, a move that has split opinion among wealth experts. With the festival's pre-tax profits doubling to £6 million in 2024 and revenues hitting £68 million, critics say the lifelong socialist, 89, is sidestepping up to £80 million in inheritance tax (IHT). Others argue the move is responsible succession planning to keep the event and its charitable legacy in operation.

1 week ago | spearswms.com | Anna Pollitt

A landmark legal battle unmasking the operator of a gossip website 'built to monetise people's misery' could reshape how wealthy individuals tackle anonymous reputational attacks online.

2 weeks ago | spearswms.com | Anna Pollitt

Britain's financial watchdog is ramping up AI innovation in the financial sector with the launch of a new 'supercharged sandbox' to support firms experimenting with artificial intelligence. The Financial Conduct Authority (FCA) has partnered with US tech giant Nvidia to provide firm with better access to data, technical support and regulatory expertise as they develop AI systems.

2 weeks ago | spearswms.com | Anna Pollitt

Britain's tax authority has doubled its revenue from wealthy individuals, its latest records show. Specialist investigators at HMRC netted more than £1.5 billion in 2023-24, according to data released in response to a Freedom of Information (FOI) request by law firm Pinsent Masons.

Jun 15, 2023 | spearswms.com | Anna Pollitt