View more on these topics

Duffield to float venture within 18 months

Following his out of court settlement with Jupiter, John Duffield is planning to float his new venture, New Star Asset Management within 18 months, according to the Times.

New Star currently manages 2bn of funds which Duffield hopes will rise to £5bn by the end of the 2001.

He will then prepare for a stock market float in the middle of 2002 at a valuation of £500m.

As part of his £5m out of court settlement, Duffield gained Jupiter’s £300m overseas portfolio although he is not allowed to poach any staff from Jupiter for 6 months.


Government offers grants to meet IFA exam costs

IFAs could benefit from a Government handout to help them meet the cost of professional exams such as the Advanced Financial Planning Certificate or the Certificate of Financial Planning. One of the barriers preventing many IFAs from sitting these qualifications had been the prohibitive costs but now the Government is offering grants. The Department of […]

CII to add more AFPC tests

The Chartered Insurance Institute is introducing two new Advanced Financial Planning Certificate exams for people wanting to progress from the FPC or improve their existing AFPC passes. The two exams, Retirement Options and Pension Investment Options, will be introduced next year and both need to be passed to qualify for full AFPC creditation. CII director […]

NatWest hammered £750,000 by regulator

NatWest bank has been fined £750,000 and ordered to pay £2.35m compensation to investors by financial watchdogs Imro and the PIA for breaching insurance and investments sales regulations. The PIA fined NatWest £500,000 for breaches in its marketing of insurance and investments during a monitoring visit in autumn 1997. It also criticised NatWest for failing […]

UCB aims for self-cert market

UCB Home Loans has brought in the new 6.9 per cent fixed rate self certification mortgage. Aimed at first time buyers and people who are looking to remortgage their property, the mortgage is fixed at 6.9 per cent for three years for loans of up to 85 per cent of valuation. It is also available […]

Who pays inheritance tax and how to declare it

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT).  To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm