Cofunds has passed the 5bn mark in assets under administration, representing a 40 per cent increase in assets on the platform in the first 8 months of the year. The platform started 2005 with 3.5bn and its life and pensions tie-up with Legal & General is set to go live towards the end of the year.
Ascentric managing director Hugo Thorman will also be running in this year’s New York Marathon. He will be raising money for Great Ormond Street Hospital and will be combining training with work on the relaunch of the Funds Direct platform. To sponsor him visit: www.justgiving.com/ hugothorman.
Fidelity has given investors and advisers returning from their summer holidays a lot to think about by announcing it is to split Anthony Bolton’s giant special situations fund next year.
Thinc Destini launches into a new home information pack deal with mysalepack.com.The process is web based allowing sellers to complete a Hip online and offers an interest free “buy now, pay later” option.Thinc Destini has teamed up with mysalepack.com in order for its sales force to have the opportunity to link up and develop relationships […]
As a head of inheritance tax planning, I assume Peter Legg to be someone deeply immersed in the subject of IHT planning by the use of trusts so I will try to be circumspect in my comments on his letter in Money Marketing last week headlined, Trusts are the perfect solution. It seems to me […]
Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]
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Concerns have been raised about the independence of two directors at Neil Woodford’s £855m Patient Capital Trust after a report in The Times reveals they have jobs at companies in which the fund owns a stake. According to The Times, Patient Capital Trust chairwoman Susan Searle is also deputy chairwoman of Mercia Technologies, a quoted […]
Lloyds Banking Group’s pre-tax profits have jumped 23 per cent to hit £1.6bn for the quarter, latest results show. For the three months to the end of March, the bank has reported net income of £4,3bn, up 4 per cent year on year, as Lloyds sounded a bullish note on the prospects for the UK […]
Metro Bank’s chairman Vernon Hill has been re-elected despite opposition from activist shareholders such as Royal London. Hill has received criticism from a number of major shareholders over payments to his wife’s company Interarch totalling £21m since Metro Bank’s inception in 2010. The board at Commerce Bank previously ousted Hill from his former role at […]