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Seneca Partners sends Mifid II 10% drop note on EIS product

Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]

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Pensions minister: New guidance body will not slash staff

Pensions minister Guy Opperman says most of the staff who work for the three separate public guidance bodies as it stands will end up at the single financial guidance body once it is established. In a letter published yesterday, Opperman gives more details about how the single body will be created from merging the Pensions Advisory […]

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Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.

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