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
Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]