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.”
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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
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European investment trusts outperform UK says AITC
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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 […]
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FOS appoints former Which? boss to lead review into complaints failures
The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard votes against ‘excessive’ pay at Persimmon
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Tony Wickenden: Using VCTs and EISs in retirement planning
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]
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