Hargreaves Lansdown co-founder Stephen Lansdown has stepped down as executive director but will continue as non-executive director.
Concluding my recent series of articles looking at the fundamentals of capital gains tax
Among the themes that emerged from the IMA’s annual asset management survey was the changing structure of the industry. Asset management originated as the investment arm of insurance companies and the retail and investment banks but, for the first time, firms owned by them account for less than 50 per cent of UK-managed assets and […]
Gervais Williams, head of UK smaller companies at Gartmore, has left the firm, to be replaced by Adam McConkey. Williams ran the Gartmore fledgling, growth opportunities and Irish growth investment trusts, as well as the Gartmore UK & Irish smaller companies Oeic. However, according to Trustnet he has underperformed the peer group on a composite […]
Chancellor George Osborne is planning a 25 per cent staff cut at the Treasury as part of the Government’s public sector cull. The Financial Times this morning reports that Osborne wants to see staff numbers cut from 1,350 to 1,000 by natural attrition over the next four years. Osborne hopes to settle departmental budgets by […]
It can be difficult for employees to control their spending habits, in fact they may not realise that they have bad habits at all.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]