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SimplyBiz exec to head “invite-only” Prudential planning arm

Prudential UK & Europe has announced former New Model Business Academy managing director Tom Hegarty will head the new self-employed part of its financial planning business. The invitation-only arm of Prudential FP will be open to up to 30 of its 360-strong advice staff. Those involved will be able to build their own businesses which […]

3

EU regulator warns fund costs are eroding investor returns

The European Securities and Markets Authority has found that fund costs reduce retail investors’ returns by an average of a quarter. In a major report, Esma finds that costs have a significant impact on the final outcome of investment decisions, particularly for retail clients, who pay twice as much as institutional ones. For Ucits funds, management […]

The Merchants Trust PLC – May 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]

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There are 2 comments at the moment, we would love to hear your opinion too.

  1. I don’t think there should be and I speak as someone who is highly unlikely to ever be caught by it.

    With all of the other forms of clawbacks on tax benefits, coupled with the LTA, and especially given the message it sends (i.e don’t save more). I’ve always though the AA was a step too far.

  2. The annual allowance for high earners is one of the most unfair taxes ever devised in the UK.

    An increasing number of people will never get near the lifetime allowance (the second cap on pensions) as they are required to pay increasing levels of tax to prop up the UK. It is a disgrace!!!

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