Skandia has been accused of protectionism after refusing to set up links between an IFA firm’s in-house fund of fund range and its own onshore bond.
The collapse of Exeter Fund Managers means that investors will be paid out by the Financial Services Compensation Scheme.
The Exchange has announced that Lincoln Financial Group will be listing its whole of life protection policy on the Exweb platform.It is the first new business announcement since Vertex confirmed its intention to acquire The Exchanges parent Marlborough Stirling.Lincoln will only be listing the life cover option on the Exweb quotation tool, although other benefits […]
Barely a week passes without a call for action by Chancellor Gordon Brown to change the way in which stamp duty is charged and rightly so. The banding system and, more importantly, the lack of amendment to these bandings over the years means that stamp duty has become a bigger burden for more borrowers. Hopefully, […]
While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]
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A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]