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Newsline reported the humiliating public dressing down given to Prudential by the Financial Services Authority over failings in its management and direct salesforce. Press *News# for the latest industry news.

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Schroder profits edge up

Merchant bank Schroder boosted profits last year, largely due to strong performance from its asset management arm. Profits rose by 2.5 per cent to £245m from £239m in 1996. The asset management business contributed £154.1m, up by 17 per cent from £132m in 1996. Total funds under management rose by 22 per cent to £106.9bn […]

Sausmarez made MD of Colonial Investments

Colonial Investments, the London fund management arm of Colonial Investment Management, has appointed James de Sausmarez as managing director. Sausmarez was previously retail managing director at Henderson Investors. He will report directly to CIM managing director Peter Polson.

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]

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