Without any thought for the consequences, those who have never had to work for a living – you know, pick up a phone to earn a living, knock on doors, drive 250 miles on the off chance of a sale, sit with clients trying to warn them of the dire financial consequences of not having […]
Gordon Brown has closed the loophole that allowed ownermanagers of small businesses to avoid income tax by paying themselves dividends inst-ead of salary. Many IFAs see this as a “punitive measure” from the Chancellor, with Master Adv-iser managing director Doug Brodie arguing that the move could see many firms return to sole trader status, with […]
The ABI is keen to see debate over the best health funding strategy model for the UK heat up, believing that debate has been narrow so far. ABI head of health Richard Walsh says there is a different health funding system in force in every European country, all of which have their strengths and weaknesses. […]
Eagle Star is scrapping the reversionary bonuses on its conventional with-profits pension policies this year, Zurich has announced.But the company will pay a reversionary bonuses of 0.25 per cent for conventional with-profits life policies. Eagle Star's new annual bonus rate for its series 5 unitised with-profits fund is 1 per cent for life policies and […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses how the firm takes into account human behaviour when constructing their portfolio, specifically by embedding the idea of volatility targeting in all of their strategies.
Rebates have been confirmed as taxable this month, in the long-running clash between Hargreaves Lansdown and HMRC. This effectively confirms “superclean” share classes are the most tax-efficient mechanism for delivering preferential rates on funds, rather than the oxymoronic “clean with rebates”. Asset managers will be very reluctant to implement multiple share classes at varying prices […]
Collapsed Sipp administrator GPC Sipp has nearly £1m in debts owed to creditors according to a statement of affairs document published on Companies House. It shows there is a shortfall of £964,832.00 owed to creditors and most of the Sipp shares are owned by managing director Kathryn Taylor who holds 73 shares. The others are […]
Digital wealth manager Nutmeg says interest in its £350 flat fee advice service has been positive since its launch nearly 10 months ago, despite low numbers. Speaking to Money Marketing, a spokeswoman says Nutmeg has received around 400 enquiries for its advice service in the last six months. Comparatively, more than 1,000 people had registered […]