Cofunds’ cash haven has outperformed all its other funds – in or out of a tax wrapper – in January and February, which it says is due to investor nervousness regarding market volatility.
Aifa director general Chris Cummings has hit out at Chancellor Alistair Darling for announcing measures to mitigate increases in small business corporation tax for some industries but not advisers.In last week’s Budget, the Chancellor set out a number of concessions to small businesses to help soften the increase in corporation tax on small firms from […]
AWD Chase de Vere is launching a tax and trust division aimed at its corporate and professional clients, to be headed by former heads of Alexander Forbes’ tax and trusts team Paul Grafton-Holt and Claudio Bacci.
Abbey has slashed its new build buy-to-let loan to value from 85 per cent to 65 per cent.It has also reduced its new build house LTV to 85 per cent and new build flats to 75 per cent.The changes come into effect from tomorrow.An Abbey Mortgages spokesman says: “Abbey has always taken a prudent approach […]
Platforms must do more to respond to the needs of advisers to secure their long-term future, according to a report by Defaqto.The report, Adviser Platforms in the UK 2008: Stand and Deliver, says many advisers are still in the process of testing out different platforms and are yet to commit to one in particular.Defaqto says […]
A recent survey of employers, carried out by Jelf Employee Benefits, suggests that many employers intend to utilise the new Fit for Work service in some form as an absence management tool.
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]