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Schroders&#39 profits plummet

Schroders saw its post-tax profits fall by 109 per cent in 2001, to a loss of £21m from a profit of £221m in 2000.

The group announced it is looking to sell the administration arm of its pensions and unit trust businesses as a cost-cutting measure

Chairman Peter Sedgwick blamed weak equity markets, a high expense base, and the one-off cost of long-term infrastructure projects for the dramatic fall in profits.


Company pension contributions

Many companies have year-ends of March 31 or April 5. It has been established that company contributions are one of the most effective ways of extracting capital from the company for the benefit of directors.Any company contribution will normally be allowable as a business expense in the company accounting period when it is paid. Where […]

Plan a direct email drive

In my last article, I gave an overview of how Quay Software has undertaken to analyse each of the 167 common tasks that its IFA practice Quay Associates does each day and how using technology efficiently can reduce the time spent on these tasks by up to 80 per cent.This week, I will look at […]

IFAs wanted to set up a co-op as a network alternative

There is no doubt that most people need good financial advice. There is also little doubt that most do not get it, mainly because they cannot afford it or do not trust this industry. How to pay for advice is part of the problem. Is the solution a co-operative?Don&#39t get me wrong. I am not […]


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