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Sumus profits increase by 34%

Falcon Group, Financial Synergies and Financial Services Advisory and Support parent Sumus has reported a 33.8 per cent year on year increase in profit from £628,000 to £840,000 for the year ended September 30.

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L&G adds 17 funds to its Sipp

Legal & General has added 17 funds to its Portfolio Plus Sipp taking the total fund choice to over 270.The new funds will also be available on Portfolio Plus trustee investment plan and 15 of them on its portfolio bond, including the L&G discounted gift portfolio bond. L&G managing director, platforms and distribution Graham Newitt […]

Adviser Fund Index

Net retail sales in the Invest ment Management Association’s UK equity income sector were impressive in 2006, hitting 2bn between January and November. This compared with 1.5bn for the whole of 2005 and 1.8bn in 2004. A number of firms have responded to increased demand with new and revamped products.UBS Global Asset Management, Sarasin Chiswell […]

Brokers told to get ready for slump in loan business

Brokers should brace themselves for a year of falling business due to rising interest rates and high swap rates.Kensington Group chief executive John Maltby says margins will tighten this year as there is an over-supply of products and advice.Platform head of marketing Paul Hunt believes that the rising cost of fixed-rate deals could mean that […]

Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]

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