M&G fund manager Steven Andrew has slashed exposure to US and UK government debt in his £322m Episode Income fund to ward off concerns about potential risks emerging in the western economies. A year ago over 25 per cent of the fund was invested in US and UK government debt because it was yielding 4 […]
Peter Hargreaves has stepped down from the board of Hargreaves Lansdown, the firm he co-founded with Stephen Lansdown in 1981, with immediate effect. Hargreaves says he wants to spend more time with his family and pursue other interests but will remain “in close touch” as a major shareholder. He says: “I believe this is the […]
Private equity firms are circling Seven Investment Management and could value the wealth manager at over £100m, Money Marketing understands. 7IM was founded by Justin Urquhart Stewart and Tom Sheridan in 2001, and has grown from a handful of employees to about 170. It runs about £8bn of assets and is owned by its partners […]
At the end of my series on deeds of variation I would like to consider some of the relevant case law. The first is Lau v HMRC 2009. The case of Mrs Maynard Lau (the Executrix of Werner Lau Deceased) v HMRC  Spc 0740 (18 March 2009) before the Special Commissioners illustrates the principle […]
New figures requested from the Office for National Statistics by Jelf International reveal the countries with the largest numbers of employees working for a UK-controlled parent company (known as UKFAs or UK foreign affiliates).
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