Aegon is working with wrap tech nology provider GBST on the dev elopment of its platform, which Money Marketing understands could launch within a year. Milestone Wealth Management principal Neil Mumford says: “Life companies need to be in that area because the traditional model is very much broken. The majority of life companies that stay in the market without a solution will struggle.”
Fidelity has opted to structure Anthony Bolton’s forthcoming China fund as an investment trust, a move first revealed by our sister publication Fund Strategy in December last year.
The Government has published a document on proposals for reforming the UK tax treatment of controlled foreign companies.
Two thirds of investors are investing their money without seeking financial advice, research by Fair Investment Company reveals.
Skandia predicts up to £8bn could soon exit with-profits bonds as investors make the most of the opportunity to avoid market value reductions on the policy’s tenth anniversary.
Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]