Police have arrested a 58-year-old man in a £20m investment fund fraud investigation surrounding Gilher Inc, which offered 20 per cent returns to investors. The man has been released on police bail.
Former corporate broker intern Matthew Uberoi and his father Neel Uberoi were today sentenced to 12 and 24 months in prison respectively for insider dealing.
Chancellor Alistair Darling has confirmed that VAT will return to 17.5 per cent on January 1, 2010.
Ben Yearsley’s Fund Focus
As far as the detail of the pre-Budget report is concerned, the main implications that affect financial advisers are as follows:
President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]
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The Personal Finance Society has updated its guide on pension transfers from defined benefit to defined contribution schemes for advisers. This replaces the earlier good practice guide first published in February 2017 and registers a number of important developments in the market. These include the FCA’s consultation about advising on transfers and its supervisory work […]
The ability to cascade funds tax efficiently down through the generations is a key driver behind demand for DB transfers
Gold prices historically have maintained a tight, inverse relationship with real yields on 10-year US Treasuries, but this relationship has weakened in the past year, suggesting the precious metal’s price is now being driven by other forces. Real yields are adjusted for inflation, so the real yield on 10-year US Treasuries, for example, is the […]