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Clive Cowdery and Nest boss make New Year Honours list

Resolution founder Clive Cowdery and former Nest boss Tim Jones are among the financial services names to be recognised in this year’s New Year Honours list. Cowdery set up the insurance sector consolidation vehicle which acquired Friends Provident, Axa’s UK life and pensions business and Bupa. Friends Provident and the Axa businesses were merged to […]

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Govt more than £600m behind tax avoidance targets

Government measures to clamp down on tax avoidance are bringing in £615m less than originally forecast, according to an analysis from the Office for Budget Responsibility. In an investigation of successive measures to clampdown on avoidance introduced since 2010, the OBR found that none of the plans had brought in more than expected, with many falling […]

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Tracey McDermott tipped to be new FCA boss

Acting FCA chief executive Tracey McDermott is a leading candidate to replace Martin Wheatley at the regulator’s helm, according to the Sunday Times. McDermott took on the role following Wheatley’s departure in September, and an appointment is expected in the coming weeks. However, the Sunday Times reports that McDermott has already impressed City businesses having […]

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House price rises accelerate in December

The rate of increase in average house prices leapt to 0.8 per cent in December, according to figures from Nationwide. It marks a steep increase from last month, when prices average prices climbed just 0.1 per cent. On an annual basis, prices rose by 4.5 per cent through 2015, with the average price of a UK property reaching £196,999. […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]

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