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Letwin promises to cut a tax a year

Shadow chancellor Oliver Letwin has promised to cut a tax a year if his party is reelected. As part of the Conservative&#39s tax proposals Letwin has pledged to reduce the burden for small businesses.

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Sarasin launch structured investment product

Sarasin Investment Management have launched a new structured investment product for investors seeking exposure to the growth prospects of world stock markets, the availability of periodic income and the protection of what it calls a &#39cast iron&#39 repayment guarantee in five years time. The Sarasin Guaranteed Portfolio is a five-year fund-linked ivestment note that offers […]

Fidelity to run IFA teleconferences

Fidelity is running a teleconference programme for IFAs through February and March. IFAs tuning in will be able to hear a short fund overview from some of Fidelity&#39s leading managers and participate in a open-floor question and answer session. The managers include Tim McCarron, European fund manager and Richard Skelt, manager of Fidelity&#39s multimanager portfolios. […]

Selestia stays on track with sales of £218m

Asset allocation platform Selestia saw new business of £218.3m in 2003 after taking £74m in the final quarter. It says the results for its second full year keep it on target to reach profitability by 2006 through accumulating assets of between £1.5bn and £2bn. The Old Mutual-owned platform now has £300m in assets under management […]

Sixty staff are axed at Abbey arm in multi-manager move

Abbey is axing 60 staff from its asset management arm as part of a plan to introduce a multi-manager approach across its actively managed bond and equity-based unit linked life and pensions and unit trust business. Abbey says it wants to move away from directly managing funds to external fund managers. The 60 redundancies will […]

Inheritance tax when it is relevant

Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]

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