The High Court has wound up a scam property fund which took £880,000 from investors and promised returns of up to 51 per cent a year. The FCA says the fund was wound up earlier this month at its request and a liquidator appointed to investigate Hermay’s activities. The regulator says the firm had been […]
Artemis co-founder Mark Tyndall is stepping aside as senior partner to take a non-executive role on 31 December 2015. Tyndall will remain a partner at the investment manager and retain “a substantial stake” in both the partnership and the funds that Artemis manages. Tyndall founded the business in 1997 with fellow ex-Ivory & Sime funds managers […]
Pension tax relief has come under fire this month as the three main political parties unveiled their election manifestos. First to be revealed was the Labour plan to restrict tax relief for top-rate taxpayers (around 300,000 people) to the same level as basic-rate payers: i.e. 20 per cent. The cut would begin at £150,000, tapering […]
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So are the new Pension Freedoms being used? The answer to this appears to be a very clear ‘yes’. Figures from the Financial Conduct Authority (FCA) this week provides firm evidence of such usage.
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