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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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FCA: New independent directors rules to cost fund managers £28m a year
The FCA has estimated that the hiring of new independent directors to fund management boards will cost firms a total of nearly £28m a year, as it lays out better fund governance rules. In its consultation paper on implementing the asset management study’s “package of remedies”, published today, the regulator says it will now require […]
LEBC reviews platform panel as model portfolios set for relaunch
National IFA looks to renew platform panel as consolidation shakes up the market
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