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Schroders acquires 25% stake in Indian asset manager

Schroders has acquired a 25 per cent stake in Indian fund firm Axis Asset Management.

The stake in the asset manager, which launched in 2009, has been acquired through subsidiary Schroder Singapore Holdings Private. Schroders announced its intention to acquire the asset manager in April 2012.

Axis Asset Management manages equity, fixed income, balanced mutual funds and hedge funds. The firm invests in the public equity, fixed income and alternative markets of India.



Labour MP proposes tougher anti-tax avoidance rules

A Labour MP has branded Government plans to introduce a general anti-abuse rule on taxation as “unacceptably narrow” and has proposed a tougher general anti-tax avoidance principle. The Government is planning to introduce the GAAR next year with a focus on direct taxes such as corporation, income and capital gains. Speaking in the House of […]


Govt consults on Bank of England powers to cap LTVs

The Government has today launched a consultation on the macro-prudential powers that could be given to the Bank of England’s Financial Policy Committee, including the power to cap mortgage loan to values. In its paper, The Financial Services Bill: the Financial Policy Committee’s macro-prudential tools, the Treasury is consulting on which tools the FPC should […]

MPs call for more evidence on effects of QE

The Treasury select committee is calling for written evidence on the effects of quantitative easing after the Bank of England published a controversial report on its impact last month. The Bank launched a robust defence of its QE programme in its paper, the Distributional Effects of Asset Purchases, claiming most people in the UK would […]

Neptune fund handed sell rating

The Neptune US Opportunities fund has been handed a sell rating by Bestinvest, following a similar earlier action on the Fidelity American fund. According to Bestinvest research team leader Simon Moore, the Neptune US Opportunities fund, managed by Felix Wintle, has on average under performed the S&P 500 index by 0.5 per cent per month […]

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EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.


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