Senior Tory backbenchers Michael Fallon and Andrew Tyrie are frontrunners to become chairman of the Treasury select committee. Fallon was previously deputy-chairman of the TSC.
Legal & General group chief executive Tim Breedon is to become the next chairman of the Association of British Insurers. He will be formally appointed at the ABI’s annual general meeting in July when current chairman and Scottish Widows group executive director of insurance Archie Kane will step down, having completed a three-year term. Breedon […]
Wealth adviser Towry Law has appointed Robert Dawkins as chief investment officer.
It has been almost four years since we launched our retail distribution review. Back in June 2006, we suggested that there were serious challenges to be faced in the retail investment sector from growing economic and market pressures which might affect the industry’s sustainability and market structure. No one could have predicted the market turbulence […]
Former New Star fixed-interest manager Nick Hayes is to join Axa Investment Managers next week and will manage the Axa sterling strategic bond fund. Based in London, Hayes will take over the running of the £54m fund from Julie Lamirel and will report to chief investment officer of Axa fixed income Chris Iggo. Lamirel will […]
Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more
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I always try to check my Twitter feed over breakfast. Recently, a tweet from IFA Philippa Gee caught my eye. She had taken her time to attend an investment conference and found she was the only woman there. Comments followed that this occurrence is far too common. According to Unbiased, just 13 per cent of […]
Consumer champion Martin Lewis has today issued High Court proceedings against Facebook over scam adverts published on the site that use his name, picture or reputation. Lewis, who is the face of website Money Saving Expert, is bringing a lawsuit against the social media juggernaut for defamation seeking exemplary damages. Lewis says any money paid […]
Michael Klimes examines if advisers can resolve all drawdown issues themselves or if a wider effort is needed