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First State India manager departs

First State Indian subcontinent manager Vijay Tohani is leaving the firm after eight years. The move, revealed on money marketing.co.uk, sees co-manager David Gait become lead manager with Angus Tulloch as co-manager.

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Ordinarily he was insane but he had lucid moments when he was merely stupid. This wise observation from Heinriche Heine surfaced as I read Nic Cicutti’s recent diatribe against advisers Heather Moor & Edgecomb.

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In this last in the series on the taxation of investment life insurance policies effected by companies, I would like to look specifically at how the new loan relationship rules are applied when the investing company adopts an historic cost basis of accounting in respect of the investment. I looked last week at how the fair value basis operates. The Finance Act anticipates both bases.

Aifa wants to know if

Aifa has called on new FSA managing director of retail markets Jon Pain to demonstrate his affinity with the adviser community, given his strong banking background.

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