Spear's

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.

3 days ago | spearswms.com | Chris Newlands

Over the past couple of decades, a pattern has emerged. Every two years or so - almost like clockwork - a senior judge in the UK hits out at the spiralling legal cost of divorce, calling the fees, among other things, 'eye-watering', 'staggering' and 'unacceptable'. What usually happens is the same judges then appeal for rule changes and a cap on charges to prevent fees - which can often be in the millions - from running to ridiculous levels.

4 days ago | spearswms.com | Suzanne Elliott

The predicted millionaire exodus from the UK has been widely reported, but new figures from Henley & Partners have highlighted just how big the flight of the rich from British shores could be. The UK is forecast to lose 16,500 high-net-worth individuals this year, according to the Henley Private Wealth Migration Report 2025. This figure is more than doubles the anticipated outflow from China, which holds the second position in millionaire losses for the year at a projected 7,800.

1 week ago | spearswms.com | Suzanne Elliott

The panel for one of the hottest tickets in town, the Serpentine Gallery 's annual invite-only summer party, will include Indian businesswoman Isha Ambani and Hollywood star Cate Blanchett, it has been announced. Ambani, daughter of Asia's richest man, Reliance Industries boss Mukesh Ambani, has been confirmed as chair of the inaugural Host Committee for the Serpentine summer party 2025, alongside Michael R.

1 week ago | spearswms.com | Suzanne Elliott

Regulatory reforms designed to increase transparency and accountability in Britain's financial services will mark a watershed moment in the UK's debanking rules, especially for ultra-high-net-worth (UHNW) clients, experts have told Spear's. Recent amendments to the Financial Services and Markets Act 2000 include more protections against debanking, which are expected to take effect from 28 April 2026.