HM Revenue & Customs has withdrawn venture capital trust approval for the Oxford Technology 3 VCT and the Oxford Technology 1VCT after they breached rules for holding more than 15 per cent of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.
Schroders and Lloyds Banking Group have joined forces for a financial planning and wealth management proposition for wealthy clients. The new business aims to address the “growing gap in the advice market” through a personalised, advice-led proposition. The partnership will bolster Schroders’ expansion into the UK wealth management market, while Lloyds says it will help develop […]
The gap between what women earn and save compared to men continues to grow according to Office for National Statistics figures released today. Analysis for young people aged 16 to 29 shows the level and growth of median annual earnings were generally lower for women than men whether they were degree or school-educated or had […]