Savers have been over-taxed more than £280m since the start of the pension freedoms, new figures from HM Revenue & Customs show. According to a newsletter published this week from HMRC, in the first quarter of the year more than £22m had to be repaid to those making flexible withdrawals from their pensions. Since the […]
Aviva’s platform has reported a loss of more than £13m in 2017, according to results filed to Companies House. While the loss is an improvement from the £18.7m reported in 2016 on the back of higher revenue from increased assets under administration, the results come amid a glitch-ridden technology upgrade for the platform. Revenue in 2017 […]
National advice firm Foster Denovo has poached former Towry M&A head Henna Fry to lead its acquisition strategy. Fry played a leading role in the sale of Towry to Tilney Bestinvest before leaving her role in 2016 to become an independent consultant. She will take on the newly created role of head of corporate development […]
Columbia Threadneedle Investments is transferring EU customer assets from its UK Oeic range to equivalent funds in its Luxembourg Sicav range ahead of Brexit. A total of 20 funds from the Threadneedle UK Oeic range will transfer assets to equivalent funds in the Luxembourg Sicav range, with the firm launching 13 new funds on its Sicav […]
Strong underlying businesses and lower exposure to the energy sector make European high-yield bonds attractive, says Alex Ralph. To watch the video click here
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