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 […]

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.

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, […]

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 […]