Gross investment in National Savings’ products increased £931m in June 2000. Savings have now reached £2.6bn this year in its range of income bonds. The Government body says it has attracted £62.7bn in investment in total.
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DBS holds back on stakeholder guide
Network DBS is refusing to construct pre-stakeholder best-buy guides for its members because it claims it does not have enough details about stakeholder.DBS's strategy is in sharp contrast to rival Misys which recently set up a pre-stakeholder panel of six so it can hit the ground running when stakeholder is introduced.DBS says the only certainties […]
Pension details must be simpler
As practising IFAs, we have become increasingly concerned with this Government's continuous changes and additions to pension legislation.Since 1997, we have seen the abolition of ACT relief and the replacement of Serps which has increased the cost of retirement funding. We now have the introduction of stakeholder pensions, concurrency and the new investment instrument, the […]
Downing Corporate Finance i-Net VCT – 27th July 2000
Aim: Growth and income by investing in technology stocks.Minimum investment: £5,000.Closing date: September 12, 2000.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: Initial 2.5 per cent.Tel: 020 7411 4700.
R&SA to review £1bn in orphan assets
Royal & Sun Alliance is the latest life office to set up a review into distributing its orphan assets.R&SA says it has about £1bn in orphan assets and has around 450,000 with-profits policyholders who could be eligible for handouts.But the company claims it is likely to be a “long and complicated process”.It says the surplus […]
Graphic content – October; Italy and the global economic downturn
By Kacper Brzezniak As the International Monetary Fund (IMF) downgrades the global growth outlook YET again (which is becoming a recurring theme, as we discussed here a year ago), we turn our eyes to Italy’s current economic disaster. Italy has recorded exceptionally weak growth in recent years but, in order to get a better understanding […]
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Tony Wickenden: Helping business owner clients plan around losses
Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Acquisitions bolster Close Brothers inflows to £1bn
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
Tenet to compensate over annual allowance tax bungle
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
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