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Lansdown moves to non-exec role

Hargreaves Lansdown co-founder Stephen Lansdown has stepped down as executive director but will continue as non-executive director.

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Concluding my recent series of articles looking at the fundamentals of capital gains tax

The changing face of UK fund business

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 quits Gartmore

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 […]

4

Treasury to cut staff numbers by 25%

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 […]

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