River and Mercantile sets aside £1m for FCA competition probe

River and Mercantile has set aside £1m through a reduction in director pay in response to the a recent FCA competition investigation. In its half-year update, the firm has also issued a statement on the recent departure of his high profile fund manager Philip Rodrigs. Following the FCA investigation on a breach of competition law issued in November, […]


Aviva scraps plans to cancel preference shares

Aviva has u-turned on plans to scrap preference shares to investors. In a statement this morning, the insurance giant said that since it mooted the plans in its annual results earlier this month, it had discussed the issue with investors who had provided “strong feedback and criticism.” Based on the responses, Aviva says it has […]


Old Mutual contacts advisers for replatforming advice

Old Mutual Wealth has contacted advisers who use the Aviva platform to learn how it might prevent similar issues experienced by that provider happening in its own replatforming exercise. Aviva moved client assets onto its new platform in January. The platform went through a five-day blackout period and advisers complained of issues with client payments, […]

neill macgillivray

Understanding pension annual allowance calculations

Looking at the differences in the way the pension input amount is calculated for pension annual allowance purposes. I want to use my next couple of articles to explore some of the pension tax legislation differences between DB arrangements and other money purchase arrangements. This week, I am going to look at the differences in […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment