Axa IM and Scottish Equitable say tighter rules on anti-avoidance vehicles for pre-owned asset tax, inheritance tax and capital gains tax will have little impact on the market but both welcomed the clarity that Chancellor Gordon Brown provided on capital redemption bonds being exempt from CGT.
Five UK boutique fund managers are lining up a series of joint IFA roadshows around the country for the new year. Liontrust, JO Hambro Capital Management, Old Mutual Asset Managers, SVM Asset Management and Neptune are taking part in the Unique Boutiques roadshow from January 31-February 7 at venues in Harrogate, Manchester, Birmingham, Bristol and […]
Brown to tighten anti-avoidance loopholesTax avoidance loopholes are being tightened up with Chancellor Gordon Brown looking at capital gains tax, offshore schemes and IHT. Brown throws residential properties out of SippsChancellor Gordon Brown has thrown residential properties out of Sipps in today’s pre-budget report. Brown addresses the misuse of Sipps to purchase second homesThe misuse […]
Sentiment towards emerging markets is improving. Simon Edelsten, manager of the Artemis Global Select Fund, analyses if this a good time to buy back in or whether valuations are still too high? Click here for full article
Fundsmith has successfully launched its new investment trust, Smithson, to the main market of the London Stock Exchange this morning. The asset manager led by star manager Terry Smith has confirmed that 82,250,958 shares were issued at 8am. The firm also noted that Smith and the other founder partners and key employees of Fundsmith currently […]
Exit fees can mean advisers are hit with high and unpredictable costs, but are they justified? Many advisers have been caught out with the unexpected burdens that come with trying to leave a platform, and an increasing number of them are looking into the potential pitfalls that exiting discretionary fund manager services could bring as […]
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]