View more on these topics

Tax-free cash for Ken if he loses battle to be mayor

London mayor Ken Livingstone could benefit from the Budget if he loses the mayoral election to Boris Johnson due to Chancellor Alis- tair Darling’s introduction of a tax exemption.

Buried in the small print of the Budget, legislation will come into effect in April to ensure attractive severance payments to members of the Greater London Authority and the Mayor of London.

This will mean tax exemption up to the first £30,000 for the GLA and Livingstone under the new GLA severance pay scheme.

MacIntyre Hudson tax principal Nigel May says: “As Ken battles against Boris Johnson in his bid for a third term as mayor, he can at least draw comfort that if the struggle should end in defeat, he will have a hefty tax-free lump sum with which to console himself.”


Skandia picks River & Mercantile’s Hanbury for ideas funds

Skandia Investment Management has handed a £40m mandate to River & Mercantile’s Dan Hanbury as he replaces Roger Whiteoak in its UK and global best ideas funds.SIML believes Hanbury is the ideal name, given his track record of running unconstrained portfolios. Hanbury joined River & Mercantile in October 2006 and runs UK smaller companies and […]

New life for providers

Standard Life says it is in direct competition with the likes of Vertex and Capita as it aims to reposition itself as a servicing company.

Whiteoak uproots

Last week saw the end of Roger Whiteoak’s eight-year relationship with Axa Framlington as the much respected UK small-cap manager left to pursue other opportunities in the industry.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Politically biased article, low quality.

Leave a comment