View more on these topics

Schwab sets up B&B system for brokers

Charles Schwab has set up a system for intermediaries to carry out bed-and-breakfast deals on behalf of clients.

Bed and breakfasting – selling shares and buying them back the following day – is a common way for investors to realise their annual capital gains tax allowance, currently £6,500. Schwab is offering intermediaries a flat fee of £5 for repurchase of equities.

Recommended

Charcol may seek buyer after split with Private Label

Mortgage broker John Charcol is considering listing on the Stock Exchange or seeking a buyer within two years after splitting from Private Label. Charcol and Private Label, which have been part of Mortgage Group Holdings for eight years, demerged through a share swap last week. Charcol intends to embark on a strategic review of its […]

Virgin can teach AMP new tricks

One of the AMP&#39s most ambitious strategies as part of its effort to become a truly global player is its big investment in Richard Branson&#39s Virgin brand. AMP has six million customers, £50bn under management and makes more than £1bn a year profit yet it saw a future in making an alliance with a minion […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment