Wrap provider Transact is adding an offshore bond facility to its wealth management wrapper range that already covers Peps, Isas and pensions.
The offshore bond wrap gives investors the benefits of the Isle of Man tax regime for life products.
Annual charges are 0.2 per cent to 0.6 per cent depending on portfolio size.
Investment trust Alliance Trust Savings is launching a campaign aimed at helping the environment by halving the paperwork it sends to investors.It predicts its Save a Tree in 2003 campaign could save up to 50 trees a year. Last year, it sent out a total of 920,000 sheets of paper in 368,000 envelopes to investors, […]
Fund manager and stockbroker Walker Crips Weddle Beck is planning to acquire new funds under management and double its range of investment products.WCWB will add a UK equity income fund and a UK smaller companies fund to its range, subject to market conditions.The company wants to take over the management of unit trusts where the […]
CIS is calling on the Government to raise insurance Isa contribution levels if it is serious about creating a level playing field between life offices and fund managers.The company notes the wide anticipation that the 5 per cent tax deferral rule on life bonds will be axed in the next Budget.Last year's Sandler review argued […]
Ron Sandler, architect of the Treasury's long-term savings review, is to become chairman of the Personal Finance Education Group as Daniel Godfrey steps down.AITC director general Godfrey is stepping down from the PFEG after four years.Sandler dismissed speculation that he would apply for the role of FSA chairman when outgoing chairman Howard Davies leaves in […]
Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]
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Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
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