View more on these topics

Former New Star CIO launches advisory business

Alan Miller, the former chief investment officer of New Star, has launched an advisory offshoot of its wealth management business SCM Private.

SCM Financial Planning will utilise the low cost, index fund-based approach to investing that has been espoused by the wealth management business.

The “retail distirbution review ready”, fee-based advisory arm wil also work with other passive fund providers.

Gina Miller, the sales and marketing director at SCM Financial Planning, says: “We believe this is the right time to set up a new model financial advisory service.

“Our approach is simple: we want to extend choice, guide clients through the thicket of financial and investment products and legislative changes to provide them with exceptional advice that empowers them to achieve their financial goals and ambitions.”

The new business arm will be headed by chartered financial planner Susan Hill and will offer wealth planning with investment management advice from Alan Miller.

Recommended

Thinktank says Hutton proposals not sustainable

The Centre for Policy Studies is urging the Government to go beyond Lord Hutton’s controversial public sector pension reform recommendations, claiming that the proposals are “not sustainable”. Hutton’s report, published in March, proposed a range of changes to public sector pensions schemes designed to make them “sustainable and affordable”, including switching from final-salary to career-average […]

Isle of Man pushes financial sector

The Isle of Man Government is scrapping its civil service organisation Isle of Man Finance and launching the Isle of Man Finance Partnership with industry representatives to promote the sector. The partnership will be funded by the government and over the next two years it intends to promote the services offered by firms based on […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Would that be the same New Star that was the grossly underperforming lemon fund a while ago, yet still being recommended by IFA’s ?

Leave a comment