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Henderson offers commission from shareholders&#39 pockets

Henderson Investors is offering IFAs commission directly out of shareholders&#39 pockets to promote its £600m Henderson Smaller Companies investment trust.

It will pay 3 per cent commission out of the trust and not take the money out of the cash being invested by savers. The promotion will last until the end of the tax year.


Leek pours cold water on windfall promises

Leek United Building Society has attacked suggestions carpetbaggers will be rewarded with windfalls of up to £950 if a takeover bid by Murray Financial is successful.Society chief executive Neil McFadden says it is impossible to predict payment levels with any accuracy and has slammed windfall figures of between £475 and £950 being touted as misleading.Murray […]

Nasdaq to launch European stock exchange

Nasdaq is launching a Europe-based stock exchange next year.The electronic screen-based service will be designed to attract Europe&#39s high growth technology companies. Nasdaq says the new exchange will offer investors an internet-accessible, high performance, low-cost trading platform, linked with Nasdaq markets in the US and Asia.The London-based pan-European exchange will be launched in the last […]

Green talk for IFAs

The UK Social Investment Forum is running a seminar for IFAs on ethical investments on Wednesday November 24 in Leeds.Ethical Investors Group founder Lee Coates will spell out his views on the market while Co-operative Bank Ecological and Social Businesses Development director Jon Lee will highlight social and environmental management techniques.Forum executive director Penny Shepherd […]

Tax block on pension rebate

The Inland Revenue may effectively be barring discount brokers from charging flat fees instead of commission for pension annuities.A report by The Sunday Times has found IFAs are being blocked from refunding one-off commission to pensioners when they buy an annuity.The Inland Revenue says the refunding of commission can jeopardise the tax breaks of the […]


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