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Parkwood ends Gresham bid

Parkwood Property Investments has halted its attempts to oust the board of UK property company Gresham House. Shareholders at Monday’s extraordinary meeting defeated resolutions to remove four of its directors with three Parkwood nominees.

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The Treasury is advertising for a successor to FSA chairman Sir Callum McCarthy who is due to retire in September.Many in the industry believe the FSA will employ an external candidate following the internal appointment of Hector Sants as chief executive.The advertisement in the Financial Times says applicants should be able to demonstrate a proven […]

Government must clarify CGT, urges Beacon Asset Management

Beacon Asset Management director Simon Goldthorpe has called on the government to urgently clarify proposed reforms to capital gains tax. Treasury ministers are holding talks with heads of business ahead of an announcement expected on Thursday or early next week. Proposals announced in the pre-budget report last October to impose a flat 18 per cent […]

Exit polls

Falcon chief executive Allan Rosengren has highlighted growing concerns over some of the exit strategies being offered to advisers who sell their businesses or retire.

Brown in £500k pension sacrifice

Prime Minister Gordon Brown is scrapping some of his pension entitlements in a bid to set an example to MPs on salary and pensions.Rather than receive a pension worth half his salary when he leaves office, Brown will now wait until he is 65, a move that could see him give up around £500,000 in […]

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