Tipped to do wellStability at F&C Asset Management following its merger with Isis could see renewed interest from investors. It had major upheaval as key managers and analysts left but F&C’s investment team looks ready to benefit from the new structure. However, it must recover from the loss of reputation on its bond and UK […]
Aegon PR Adrian Cammidge was struck with amnesia at MM’s annual Christmas bash. Forgetful Cammidge was for once rendered speechless when unable to remember the name of the restaurant he had booked for the aforementioned Christmas lunch. The Diary thinks sleepless nights are taking their toll on old father Cammidge. And ‘not getting any’ sleep that […]
It is being compared with the 1997 tax raid on pensions – the Government’s latest stealth tax on insurance company funds. Hidden in the Pre-Budget report was the PN3 release designed to protect tax revenues from insurance com-panies. This latest raid has been launched without any consultation and will have a dramatic effect on insurance […]
The Queen’s New Year’s honours list awarded decorations to members of the financial services community, including FSA deputy chair Stewart Boyd and Co-operative Bank Financial Services former chief-executive Mervyn Kay Pedelty. Boyd receives an OBE for services to the finance sector while Pedelty receives a knighthood for services to business and charity.
By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]
A weekly account of the curious goings-on in the world of financial services from Money Marketing’s diary page Green with envy While scouring through the MPs’ Register of Interests last week, one WSJ correspondent took to reading the fine print of Treasury committee member John Mann’s file. Among the list of international trips undertaken by […]
Long-awaited guidance clears up confusion around the IHT position of policies issued under seal Life assurance protection is an often overlooked estate planning tool. For UK-domiciled individuals, effecting a policy subject to a trust can deliver a neat, effective way of sorting inheritance tax liability that cannot be diminished through other planning. It can also […]