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 […]
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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Around 1,400 clients of collapsed discretionary fund manager Beaufort Securities are still waiting for their claims to be processed, Money Marketing understands. The Financial Services Compensation Scheme confirmed it is still working on redress calculations for the cases. Beaufort Securities became the target of both FBI investigations in the USA and FCA sanctions in the UK […]
A weekly account of the curious goings-on in the world of financial services Financial wing attackWSJ mused over the varying hobbies of financial services professionals a few weeks back and has something new to add to the tally: netball. We have long known Technology & Technical director and adviser Kim North is a fan of […]
Debbie Gupta took over as co-director for financial advice and life insurance at the FCA last year. She will be taking a deep dive into where the regulator really stands when it comes to advisers with a presentation at our Money Marketing Interactive conference in April. Before taking to the stage, she discusses why she […]