Strutt & Parker Real Estate Financial Services has launched a property development fund fully eligible for IHT business property relief. The product has a minimum investment of 250,000 and is not subject to IHT upon the death of the investor. It is aiming to deliver returns of between 10 and 15 per cent a year.
Sam Shaw finds that the 71-year-old marketing manager at Close Brothers Investment has developed a language of his own during his years in financial services but is still striving hard to ensure the intricacies of property funds and VCTs are not lost in translation for high-net-worth clients
While I was a partner of Berkeley Wodehouse Associates, the FSA chose to visit in a thoroughly high- handed manner relating to an ongoing pension enquiry when such matters were at their height. The FSA demanded a private room, had their own recorder and refused us the same privilege. They did not even permit us […]
The Pension Annuity Friendly Society has been given the go-ahead to demutualise by its policyholders in a move that will secure a £5m war chest. The demutualisation, exclusively revealed in Money Marketing in June, will see Pafs rebranded as Partnership Assurance and pay out £6.2m in windfalls to 7,800 members who will get a minimum […]
Like the rest of the world, I watched in horror as news of the London bombings unfolded on July 7.
John Hailer, CEO of Natixis Global Asset Management, says the company is focused on the UK, which it sees as being one of the world’s largest wealth markets with an unrivalled understanding of investments and funds.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]