View more on these topics

David Aaron Partnership publishes trustee investments guide

IFA David Aaron Partnership has published a guide dealing with the implications of the Governments trustee bill and the changes made to capital gains tax.

Called Trustee Investments-The New World, David Aaron Partnership claim the guide will help trustees, beneficiaries and IFAs.

Currently £55 billion is held in trusts nationwide and the Government hopes the bill will make it easier for fund managers to invest where they wish subject to two safeguards.

Firstly, trustees must acknowledge the need for diversification and suitability of investments and secondly, they must obtain proper advice when exercising investment powers and reviewing investments.

Changes to capital gains tax will also mean fund managers will have to pay more attention to taxation when making investment decisions.

The new guide is available free of charge by contacting David Aaron Partnership.

Recommended

iShares bring in new US-style fund

iShares – IFTSE Tmt Type: Exchange traded fund. Aim: Growth by investing in technology, media and telecoms companies. Minimum investment: Negotiable with stockbrokers. Maximum investment: None. Investment split: Media 35 per cent, telecoms 25 per cent, IT 26 per cent, software and computer services 14 per cent. Place of registration: Dublin. Isa link: Yes. Pep […]

First Nat aims for more self-certs

First National Mortgage Company is revamping the terms of its flexible base-rate tracker loan to attract more self-emp loyed applicants.It is increasing the loan to value ratio to 90 per cent and reducing the minimum loan from £163;50,000 to £163;35,000.The Manageable Mortgage is available to existing and new customers. The rate is set at 1.24 […]

Chase de Vere pulls funds out of CGU fund

IFA Chase de Vere is moving £20 million of business away from the CGU PPT monthly income fund following the fund&#39s decision to slash the income paid out to investors last month. Chase de Vere independent adviser Ian Millward claims the fund failed to warn them about the cut from 7.8 to 6.3 per cent. […]

Cherry blossom

There are growing fears that the introduction of stakeholder in April next year will not become the universal savings plan for all working members of society the Government promised.IFAs and providers fear new measures to be introduced by the Department of Social Security will give the green light to cherry-picking of stakeholder business and lead […]

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment