Clerical Medical has announced that its business derived from offshore and international sources now exceeds £5bn in assets under management. The increase has been rapid with the £5bn mark being reached only 10 months after £4bn was achieved. Clerical Medical and its subsidiaries' total assets under management now stand at over £29bn. Clerical Medical international sales and marketing director Chris Mathew says: “Exceeding £5bn is an excellent achievement and a credit to the efforts of all the Clerical Medical staff who work closely with international master distributors and UK IFAs.”
View more on these topicsNews
Venture capital trust investors lose year-end fixation
Over £35m was invested in venture capital trusts in the last week in November 2000, showing the fastest rate of investment since the start of VCTs in 1995, according to a report from Allenbridge Performance Analysts. Allenbridge believes the rise is a result of a shift in the VCT market away from income tax to […]
Axa sets sights in mutual funds market
Axa is targeting the mutual funds market with a range of new funds and a £3m campaign to attract consumers and intermediaries. The first to be launched is the global high-income corporate bond fund on January 15. It will be available as an Isa, with a gross redemption yield of 8.9 per cent and primarily […]
Christows sets up seminars for IFAs
Independent stockbroker and portfolio fund manager Christows is hosting a series of seminars for IFAs. The five seminars are being held from February 7 to 13 in London and the South-west. They focus on world markets and global opportunities for invest ment in 2001. They will also cover trends affecting investment trusts and opportunities for […]
European investment trusts outperform UK says AITC
European investment trusts have outperformed UK investment trusts over the last 10 years, according to data from the Association of Investment Trust Companies. The average European investment trust (including smaller companies) has turned £1,000 into £5,360 over the last 10 years, compared to £4,340 for the average UK investment trust. AITC communications director Annabel Brodie-Smith […]
International jurisdictions
By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]
Newsletter
News and expert analysis straight to your inbox
Sign up
Tony Wickenden: Helping business owner clients plan around losses
Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Acquisitions bolster Close Brothers inflows to £1bn
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
Tenet to compensate over annual allowance tax bungle
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
Comments