HM Revenue & Customs has withdrawn venture capital trust approval for the Oxford Technology 3 VCT and the Oxford Technology 1VCT after they breached rules for holding more than 15 per cent of their funds in one firm. A London Stock Exchange ann-ouncement last week revealed that the company reported the breach to HMRC last […]
The Institute of Fiscal Studies says annuities will become even more expensive with more poor choices after the Government announced reforms to retirement income. In the Budget yesterday the Chancellor said all over-55s can take their pension pot in cash from next April and do not need to buy an annuity. Insurers’ share prices dropped […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
Is this a birthday to be proud of for the investment industry? Since Mifid II came into force a year ago, industry figures have continued to debate whether it has fulfilled its goal of increasing transparency in the asset management industry. The objective of making financial markets “fair, transparent, efficient and integrated” is a sizeable […]
The FCA has given the former chief executive and sales director of failed life settlement bond company Keydata until 1 February to pay more than £75m in fines between them. The final notices published on the FCA’s website today bring to a close years of legal fighting between the company’s top executives and the regulator, […]
Star manager Nick Train has described much of the current global political climate as “horrible”, but has sounded an optimistic note about the prospects for equity investors in 2019 on the back of heightened corporate activity. In the January update for the flagship Lindsell Train Investment Trust, Train writes that while equities took a beating […]