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No high-rate tax for FAS beneficiaries

Work and Pensions Secretary James Purnell has confirmed that anyone getting a payment via the Financial Assistance Scheme will not have to pay higher-rate tax.

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An upturn in Fortune

Fortune Group, the fund of hedge funds subsidiary of Close Brothers, has seen a 64 per cent increase in assets under management over the last 12 months to £700m.

Treasury offers tax break for non-dom financial advice

The Government has bowed to lobbying from the financial services industry in promising to offer a tax exemption on non-dom legislation to stop businesses moving their operations abroad.Tax experts and industry groups had warned money brought onshore to the UK by non-doms would be liable to tax under existing proposals.They cautioned financial services, such as […]

System aims to help with TCF

Software provider 1st says adviser companies which do not use technology properly will be unable to handle the requirements of the FSA’s treating customers fairly regime.1st has launched an updated version of its Adviser Office with new features to support TCF. It says the system was built to satisfy the core principles of the new […]

Risk-free path to pensions is a myth

Robin Geffen, Fund Manager and CEO Are you taking enough risk? Robin Geffen, Founder of Neptune and Manager of the top performing Global Alpha Fund, discusses the importance of accepting enough volatility in planning for retirement. Click here to read the full article Important information Investment risks The value of an investment and any income from […]

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