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FSA warns consumers off hedge funds

The FSA is warning consumers off investing in Isas linked to hedge funds.

The FSA has issued a consumer alert on its website in which it describes hedge funds as &#39exotic financial products&#39, and warns consumers not to assume that a product is straightforward just because the provider&#39s name is familiar.

FSA director of consumer relations Christine Farnish says: “The more exotic Isas being offered can be difficult to understand, and the costs and charges may not be clear, so they may well not be appropriate for the majority of consumers.”


Scrapping MFR &#39will depress annuity rates&#39

The scrapping of the minimum funding requirement, widely expected to ease pressure on gilt markets, may actually increase demand and depress annuity rates, according to leading annuity IFAs.The replacement of the MFR with tougher requirements for defined benefit schemes actually places more of a burden on pension funds. It is likely to generate greater demand […]

Capital gains tax

5.1 BUSINESS ASSETS TAPER RELIEF AND CAPITAL GAINS OF NON-RESIDENT CLOSE COMPANIESThe Chancellor announced two changes of significance on capital gains. He has also increased the annual CGT exemption. As far as the more significant changes are concerned these are as follows: Business Assets Taper Relief As inferred in the pre-Budget report, the Government has […]

Don&#39t charge into CoFunds

I recently attended a CoFunds launch presentation in Bristol, keen to see what they plan to offer which will differentiate them from Skandia&#39s multifund products. As you might imagine, they were evidently keen to avoid being compared with Skandia although I cannot imagine anyone else who attended not having that name very much in the […]

AMP unfurls umbrella

AMP has appointed a managing director for its UK financial services businesses to bring them all under the AMP umbrella. Tom Fraser joins AMP from CGNU, where he was managing director of European business. He was also NU International executive director. His role will be to turn AMP&#39s UK financial services businesses, including Henderson Investors, […]


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