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.
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 […]
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 […]
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.
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 […]
Holly Cassell, Assistant Manager of the Neptune UK Opportunities Fund The decision of the Federal Reserve not to raise US interest rates at its September meeting was met with surprise by many, and has been blamed by some as the chief catalyst for the global market volatility that followed. How does this affect the timing […]
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Advisers are being targeted by claims management companies offering payment for referring complaints related to defined benefit pension transfers. Capital Asset Management chief executive Alan Smith was sent a letter this month from Birkenhead-based firm Pension Justice, which claims to be a “missold pension compensation specialist”. The letter asks advisers if they have seen clients […]
Patience is an underrated skill in business. Do not fall into the trap of making decisions too quickly and regretting them later. It is important to make decisions when you run a business. Indeed, there are some situations where making any decision is better than analysis paralysis. However, there are also times when you need […]
Aegon has called on the government to double the tax exemption for employer-arranged pension advice. A report from Aegon and the CBI in March found 56 per cent of employers think the government should extend the tax exemption for employer-provided pension advice to more than £500. Now Aegon wants to see that exemption doubled to […]