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.
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.
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.
Nearly 40 per cent of companies that write pension annuity business provide literature to customers approaching retirement that fails to meet Open Market Option rules and principles, according to the FSA.
Loomis Sayles senior equity strategist Richard Skaggs reviews the events that have helped to shape various markets during the third quarter of 2016 and takes a look at the outlook for growth in the US over the next few months and into 20. Click here
The pound has edged higher on the news prime minister Theresa May might achieve a breakthrough Brexit deal. Yesterday the story broke that a draft deal between UK and EU negotiators was in the pipeline and the pound rose 1.4%, trading at $1.3036 against the dollar and reaching €1.1542, a near seven-month high, against the Euro. The […]
Intrinsic wealth network managing director Stephen Fryett is set to leave the business the business in mid-2019. Fryett has been with Intrinsic since its formation in 2005, initially as network sales director before becoming managing director of the wealth network in 2016. Fryett overlooked investment and pension advisers at the wealth network. The company said […]
The FCA has banned the boss of a debt management firm who used client money to purchase his business. Darren Lee Newton is the former owner of First Step Finance Limited which he acquired for £322,500 in 2013. The amount was transferred to First Step’s prior director Christine Whitehurst directly from new clients’ accounts, despite a shortfall in client […]