Investors who have been “paying attention” have been topping–up their investment portfolios and will continue to do so, says the CEO of one of the world’s largest independent financial advisory and fintech organisations.
The comments from Nigel Green, the chief executive and founder of deVere Group, which has $12bn under advisement, come as stock markets around the world further rallied on Tuesday after the U.S. Federal Reserve announced an expansion to its historic stimulus programme.
Mr Green affirms: “Global stocks have been buoyed by the news from the Fed – the world’s de facto central bank – to buy individual corporate bonds in addition to the exchange-traded funds it is already purchasing, to support the world’s largest economy.
“This extra stimulus acts as a ‘backstop’ or ‘floor’ for equities.
“The additional Fed support was widely expected by the markets and therefore, investors who have been paying attention have been topping-up their investment portfolios recently as entry points will inevitably continue to go higher as we move forward.”
He continues: “It is likely that savvy investors will continue to enhance portfolios as the backing is likely to be maintained for years, not quarters.
“Also, it has been reported that President Donald Trump’s administration is preparing to unveil a $1 trillion infrastructure package. This will further boost asset prices.”
The deVere boss called the additional measures last week.
He noted on Thursday June 11: “Further stimulus can be expected from the Fed – and also perhaps from Congress too – in the near future… This will support and likely boost asset prices moving forward. Investors will now be eyeing the opportunities before any fresh or enhanced stimulus packages are announced.”
London’s FTSE 100 and Frankfurt’s Dax both jumped 2.2% in morning trading on Tuesday, the pan-European Euro Stoxx 600 gained 2%. U.S. futures markets suggested that U.S. stocks would rise further when trading begins on Wall Street, with S&P 500 futures up 1%.
In Asia-Pacific, Tokyo’s Topix shot up 4% and Australia’s S&P/ASX 200 gained 3.9%. Meanwhile, Hong Kong’s Hang Seng rose 2.4% while China’s CSI 300 index was 1.5% higher.
Nigel Green concludes: “Few things can fuel markets like another stimulus injection.
“The message investors are taking away is that the U.S. central bank and government are prepared to do whatever it takes to support the recovery.”
Traveling for work is a complex issue
when it comes to your eligibility for workers’ compensation. The general rule
is that workers’ compensation doesn’t cover your commute to and from work.
Does Workers’ Comp Cover
Travel for Business?
Yes, workers’ comp covers travel for
business. When you’re traveling because of your work, you can claim workers’
compensation in the event of an injury. The workers’ compensation system
operates the same way whether you’re actively on the job or traveling for your
Personal errands during work travel are
not covered; however, the travel itself and incidental activities like the
hotel and meals still fall under the workers’ compensation system. Workers’
compensation covers travel for business except for strictly personal activities
during the trip.
Does Workers’ Comp Cover
Travel to and From Work?
Workers’ comp does not cover travel to
and from work. However, there may be situations when you are traveling related
to work that are actually covered. Travel to and from work is generally not
included. Still, if you are running errands for your employer or on a
work-related travel assignment, you may actually be classified as working.
It depends on whether you’re serving the
interests of your employer during the travel. Although the general rule is that
workers’ comp does not include travel to and from work, there may be situations
where your traveling counts as being on the job.
Workers’ Compensation and
The purpose of workers’ compensation is
to provide employees easy access to financial compensation when they’re hurt at
work. The general rule is that you can claim workers’ compensation for
work-related injuries. If you’re on the job and you get hurt, you can access
the workers’ compensation system to pay for your medical bills and provide
However, workers’ compensation doesn’t
cover the risks of daily life. For that reason, the employee’s personal commute
doesn’t fall under the workers’ compensation system. If you get hurt going to
or from work, you have to look to your own car insurance or personal insurance
to pay your expenses. You may also bring a third-party claim for financial
compensation, but the person or entity that caused your injury is responsible
for your damages, not your employer.
Traveling for Work
However, even if you’re traveling at the
time of your injury, you’re not necessarily out of the workers’ compensation
system. You may be traveling for work and not realize it. When you’re traveling
on company business, you’re still covered by workers’ compensation.
Even things that are incidental to the
travel itself, like staying at a hotel or eating meals while away from home,
can classify you as working for the purposes of workers’ compensation. It’s
essential to evaluate the entire circumstances present when the accident
Buma vs. Providence Corp.
Development – Nevada Supreme Court
In theBuma v.
Providence Corp. Development case, the Nevada Supreme Court
recently clarified the rules when it comes to what counts as work-related travel.Nevada Revised Statutes 616C.150(1) states
that a person must show their injury arises out of the course of employment.
The court said that a person might be in the course of their employment even if
they’re not directly on the route of travel at the time of the injury.
In the Buma v. Providence Corp. case, the
victim was the vice president of sales for his company. He worked from home and
made his own travel arrangements. The victim traveled out of state for a
conference. He stayed at a ranch with a friend and affiliate of the company.
Together, the two prepared joint presentations to give on behalf of the
company. The victim died while riding an ATV on the ranch.
The third-party workers’ comp insurer,
and the lower court, denied the victim’s family workers’ compensation benefits.
They said that the accident did not arise out of work duties. However, the
Nevada Supreme Court vacated the lower court’s decision.
When Does an Injury Arise out
of the Course of Employment for Workers’ Compensation Purposes?
The Nevada Supreme Court said that an
injury arises out of the scope of employment when there is a causal connection
between the victim’s injury and the nature of the employee’s duties. UnderNevada Revised Statutes 616B.612(3), all
travel that an employee gets paid for is part of the course of employment.
However, even if part of the travel isn’t
compensated hourly, it may still be work-related travel. Generally, workers’ compensation
covers business trips. It covers the actual business part of the trip, but it
also includes staying in hotels, sleeping, eating, and other navigation that
has to happen for the trip.
Does the “Coming and Going”
Workers’ Compensation Rule Apply During Business Travel?
In the Buma case, the lower court applied
the “going and coming” rule. The rule prohibits compensation for injuries that
occur during the commute. The Supreme Court explained that the employer is not
liable for the daily dangers of the employee; however, the commuting rule isn’t
applicable when a person travels for work. Under Nevada law 616B.612(3),
traveling employees are covered, including acts that are incidental to
The court said that work travel doesn’t
cover social and recreational activities that a traveling employee chooses to
pursue. These are things that occur for strictly personal amusement. To be a
personal activity, the employee must show an intent to abandon the job
temporarily. It’s a very fact-dependent question that depends on the unique
situation in each case.
The workers’ compensation commuting rule is complicated. There are times that work travel is covered, and you are eligible for benefits. Sometimes it can be a difficult question of whether you’re traveling for business. The Las Vegas workers’ compensation attorneys at Adam S. Kutner, Attorney at Law explain travel, and the 2019 Nevada Supreme Court case of Buma vs. Providence Corp. Development.
The best way to know if you qualify for
workers’ compensation is by getting a personal review of your claim by a
qualified and experienced attorney.
The increasing global movement of people and businesses is driving
the significant growing demand for international tax advice.
The observations come from deVere Tax Consultancy, part of deVere
Group, one of the world’s largest independent financial advisory organisations,
which operates in more than 100 countries.
The world is currently experiencing the highest levels of movement
According to the International Organization of Migration, the
leading inter-governmental agency in the field, approximately 258 million
people – or one in every 30 – were living outside their country of origin in
That is both a record high – and a number that has beaten all
expectations. Indeed, a 2003 projection anticipated that by 2050, there would
be around 230 million based outside their birth nation. But the latest
projection has been dramatically revised upwards – there will be more than 405
million living away from their country of birth by 2050.
James Green, divisional manager at deVere Group, observes: “We’ve
noted a year-on-year increase in international tax advice enquiries of more
than a third.
“This can be attributed, we believe, to three key factors.
“First, is the increasing movement of people. Whether driven by
geopolitical, work or lifestyle reasons, more and more individuals are on the
move around the world.
“In addition – and despite the rhetoric of some populist
politicians – globalisation in the world of trade and commerce is here to stay
and is, if anything, gaining momentum as it encourages economic growth, creates
jobs, makes firms more competitive, and lowers prices for consumers.
“Second, since the global financial crisis both individuals and
companies have become more financially literate and aware of the importance of
specialist financial advice, especially when it comes to cross-border affairs.
“And third, the reporting and tax filing requirements are
increasing in most jurisdictions. For instance – and this is just one
example – in the U.S. where the Foreign Account Tax Compliance Act, or FATCA,
is almost universally recognised as being burdensome, onerous and complex.”
Director of deVere Tax Consultancy, Mitch Young, notes: “The
enquiries are coming from both internationally-mobile individuals and firms who
are seeking advice on compliant and up-to-date tax filing, residency issues,
inheritance tax, self-assessment, property tax structuring and disclosures,
national insurance contributions, trusts and wills.
“Due to this considerable surge in demand for our services we have
recruited more senior tax consultants, account managers and in-house barrister
“We have also launched our first tax apprenticeship scheme to find
and train the top tax talent of the future. In addition, we’re in the
process of building an international tax network to meet the needs and
expectations of our clients.”
James Green concludes: “The demand for international tax advice is
set to grow further still as the world becomes increasingly globalised and as
the cross-border regulatory landscapes continue to evolve – and at a faster