The UK’s highest court is to hear an appeal by HMRC over two offshore schemes used by banks to shield staff payments from tax. The tax office will attempt to convince the Supreme Court that UBS and Deutsche Bank used the schemes to avoid tax in 2003 and 2004, the FT reports. Employees received shares […]
Brandon Lewis will remain housing minister despite reports he had been replaced. Yesterday, it was being wrongly claimed on Twitter that Mark Francois had been made the new housing minister after he was appointed minister of state for communities and local government. The rumours were fuelled by the fact Lewis’ photo and profile had been […]
Standard annuity rates have fallen to their lowest levels since November 2012, with the pace of decline increasing since the turn of the year, according to data published by Moneyfacts. The rate payable for an average single-life standard annuity for a 65 year old with a £10,000 pot has fallen by 5.9 per cent in […]
Discussions about simplifying the underwriting and application process for protection products throws up the use of big data by insurance companies. But can the use of data already being generated really be simple? Big data refers to the huge amount of data available from a range of sources. Databases and official records are nothing new […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
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