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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.
Could you be our 'Oscar' winner?
Money Marketing this week starts its annual search for the best IFAs in the country with a call for entries for our prestigious industry awards. All IFA editions of this issue include a brochure outlining the eight Money Marketing IFA awards. These are designed to honour the best individual IFAs in the pension, investment, mortgage, […]
Dead settlor goes in offshore onslaught
The Government is clamping down on offshore tax loopholes, with the dead-settlor rule and portfolio bonds the first to be hammered. Draft anti-avoidance legislation, aimed at filling Government coffers with an extra £1.5bn, is promised next month. The general anti-avoidance rules could crack down on up to 200 tax dodges. The Budget axes the dead-settlor […]
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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Platforms face difficult second half after sluggish sales
Platforms should brace themselves for a difficult second half of the year as sluggish Isa sales led to a soft second quarter, consultancy Fundscape says. Fundscape’s latest platform market figures show total platform assets – including the advised and direct-to-consumer sectors – grew by £32bn to £604bn in the second quarter of the year. However, […]
DB transfer exposure can nearly double adviser PI, broker finds
Advisers giving defined benefit pension transfer advice can expect to pay nearly double for their professional indemnity insurance premiums at the next renewal than those who do not advise in that area. QPI, which is part of insurance broker PIB Group, says advisers with DB exposure can expect to pay between 2 per cent and 3 […]
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Darius McDermott: Is now the time to give up on equities?
Back in April, I wrote a piece explaining why investors shouldn’t give up on bonds just yet. Given the heightened volatility in equity markets this year, I thought it might be a good idea to take a closer look at this asset class, too. The VIX index, which predicts market volatility and is known as […]