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So trustees aren’t entitled to the £5,000 dividend allowance

Graeme Robb, technical manager, explores how changes in legislation are impacting trustees who aren’t entitled to the dividend nil-rate band.

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Nutmeg secures £30m fundraising led by Hong Kong IFA

Nutmeg has secured backing from investors of £30m, which it says is the largest fundraising exercise by a financial technology company since Brexit. Hong Kong financial advisory firm Convoy Global Holdings led the investments, which will fund growth in the UK and help a possible expansion in Asia. Existing investor Schroders also participated in the […]

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What advisers want to see from the Autumn Statement

Chancellor Philip Hammond has been warned to leave pensions alone ahead of next week’s Autumn Statement. The Autumn Statement will be delivered on 23 November and will be Hammond’s first since he took over from George Osborne in July. Hammond has already mentioned an intention to scrap the statement altogether, saying he wants to move […]

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Platform sales sink to two-year low

Economic uncertainty has weighed on platform sales, with gross sales in the third quarter dropping to their lowest level in two years, according to Fundscape. Fundscape’s latest platform report shows in Q3 gross sales fell to £21bn, the lowest level since Q3 2014. Net sales plummeted to £8.6bn, the lowest volume of sales since RDR, […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]

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