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Ascentric/Octopus Investments – Octopus Portfolio Manager update

Ascentric/Octopus Investments – Octopus Portfolio Manager update

Update: The portfolio manager discretionary fund management service is now available through the Ascentric wrap platform




Concern that builders could inflate their newbuild prices

Mortgage experts are concerned that housebuilders could artificially inflate the price of newbuild properties to mitigate any potential losses from the Government’s new mortgage indemnity scheme. The scheme will see builders deposit 3.5 per cent of a property’s sale price in an indemnity fund for seven years, after which they will get their money back […]


Poor wording blamed for VAT contradictions

Consultancy firm Engage Partnership says concerns that HM Revenue & Customs’ latest VAT guidance is contradictory are the result of poor wording rather than a change of position. Last week, Money Marketing revealed the FSA is concerned that HMRC’s guidance, circulated to industry stakeholders last month, is contradictory. The guidance states investment management or portfolio […]

Skandia calls for five-year sunset clause

Skandia says the cost-benefit analysis of the legacy commission ban is fundamentally flawed and providers need a sunset clause as they will not be able to change their systems in time for the retail distribution review. The FSA consultation on legacy assets, published last week, provides no specific cost estimates for the ban, saying costs […]


Labour and Conservatives clash over Northern Rock sale

Treasury financial secretary Mark Hoban has defended the decision to sell Northern Rock to the private sector telling MPs no credible option for remutualisation was put forward. During a ministerial statement on the sale in Parliament yesterday, Shadow Treasury financial secretary Chris Leslie said not enough consideration had been given to remutualisation. Hoban said the […]


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