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Multiple Gains – the simple calculations advisers need to know

It’s widely known that chargeable event gains arising on life assurance policies, capital redemption policies and purchased life annuities are subject to income tax. Most advisers will also understand the chargeable gain calculation where a client only surrenders one investment bond in a tax year. However, what if clients need to surrender more than one […]

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Seneca Partners sends Mifid II 10% drop note on EIS product

Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]

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Property investment firm targeted in latest clone scam

The FCA is warning consumers to be wary of fraudsters who have cloned property investment firm Castlebrook Properties Ltd. The legitimate firm has been copied by scammers using the same name. The fake firm also sells a ‘Castlebrook Properties HMO Properties Bond’. The real firm is based in Old Broad Street, London. The fake firm has […]

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Graham Bentley: Closet tracker impact on active management is underestimated

It is encouraging to see the FCA close in on lazy fund management, but more needs to be done  Without fanfare, the FCA has confirmed its intention to  punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]

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