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Capita Financial Software blames RDR for 46% fall in profits

Capita Financial Software saw its pre-tax profits fall 46 per cent last year, from £2.2m to £1.2m. 

In its annual results for the year ended December 2012, the firm reports a 14 per cent drop in turnover, from £7.1m in 2011 to £6.1m last year.

Capita says the drop is largely due to the impact of the RDR.

Staff costs increased from £3m in 2011 to nearly £3.3m last year.

The firm paid £2m in shareholder dividends in 2012 as it dipped into its reserves to reward investors.

In January 2012, Capita revealed plans to close its Bishop’s Stortford office and relocate 13 staff to its head office in Fareham.



Govt to unveil new code of conduct for landlords

Private renters will be able to demand rental agreements of up to five years as part of a new code of conduct for landlords, reports The Times. Communities Secretary Eric Pickles will today unveil a “tenants’ charter” designed to put pressure on landlords to provide renters with greater security. At present most contracts between landlords and […]


Regulation, regulation, regulation

brightcove.createExperiences(); CHAIR – Sam Shaw – Journalist and Presenter Nick Ross – Principal Consultant at Huntswood Nick Bamford – Executive Director at Informed Choice Graham Bentley – MD at gbi2 James Robson – Independent Financial Planner at Plutus Wealth Sponsored by Huntswood


Caerus profits drop 76% after Paradigm deal

Pre-tax profit at Caerus Capital Group fell 76 per cent to £300,000 in 2012 following the acquistion of Paradigm Partner’s network arm Paradigm Financial Advisers. The company made a profit of £1.23m in 2011, which included £600,000 from a previous disposal of assets. Caerus agreed the deal to acquire Paradigm Financial Advisers in October 2012. It is […]


RLAM: ‘It’s perverse fund managers sell themselves on performance’

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Rayner Spencer Mills: Why we rate the Artemis Global Growth Fund

Ken Rayner and Graham O’Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio. The Artemis Global Growth Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]


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