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Chancellor considers scrapping Autumn Statement

Chancellor Philip Hammond is considering dropping the annual Autumn Statement to focus on the Budget and move away from “gimmicks”. The Financial Times reports while Hammond will be delivering the Autumn Statement as planned on 23 November, the Chancellor is said to have told colleagues he wants to move away from gimmicks and micromanagement and […]

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Premier Asset Management valued at £140m in Aim listing

Premier Asset Management has this morning announced an initial public offering to raise £63.7m via Aim. The listing values the Guildford-headquartered firm at £139.7m, slightly lower than £150m to £200m price tag expected when the IPO was reported last month. In the listing, existing shareholders will retain 54.4 per cent of the company. This includes Queripel Partners, which will hold […]

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FCA bans Arck partners over £50m fraud

The FCA has banned the individuals behind a £50m fraud which invested client money via Sipps into collapsed property investment firm Arck. Former Arck partners Richard Clay and Kathryn Clark have been banned from working in any regulated financial services role. Arck invested clients’ pensions through Sipp firm HD Administrators and other related companies, and […]

Soldier on and cash out – but what about recruitment?

As the baby boomers edge ever closer to retirement there is near universal agreement of the need to bring some young blood into our profession. That said, the recruitment of bright young things has proved a challenge. Why? It is hard for me to believe I have spent 30 years in financial services, although easier […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]

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