The merger of Britannic Group and Resolution Group has been approved by the FSA. The new closed life fund consolidator will now be called Resolution plc.
Baring has launched its third long/short equity hedge fund, the EMEA absolute return fund, investing in Eastern Europe, the Middle East and Africa. It will be available to high net worth individuals from 1st November aiming to deliver returns in excess of 20 per cent a year with 15 per cent volatility, to be managed […]
Which? has published a book called Giving and Inheriting, aimed at flagging the deadlines for pre-owned assets tax.The book points out that even with modest earnings, as the IHT threshold is currently 275,000 increasingly more homeowners are at risk of bequeathing estates that will be due tax. POAT, introduced in April, aims to plug loopholes […]
The catastrophic effects of Hurricane Katrina is set to cost the insurance industry over 11bn, making it the second most costly hurricane in history. The figure is only eclipsed by Hurricane Andrew in 1992, when insurance claims reached over 12bn, according to a Swiss Re prelimin- ary estimate. The reinsurer expects its own claims to […]
The NSure IFA has, at the tender age of 22, already made a significant impact on the industry and the self-confessed computer nerd now wants to shake people out of their IT malaise and embrace technology, says James Salmon
A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits. By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]