The Association of Investment Companies has welcomed the news of a review of tax legislation for investment trust companies with a view to modernising rules.
The FSA says “it is minded to make it compulsory” for platforms to allow assets to be re-registered off their platform by the time RDR is implemented.
Conservative leader David Cameron slammed Labour’s plans to halve the UK’s £167bn deficit by 2014, saying faster action is needed.
Baigrie Davies director Amanda Davidson has been appointed to the FSA board as a non-executive director. She will be resigning from her role as deputy chair of Aifa to prevent potential conflicts of interest. Advisers have welcomed the move as offering the IFA community much needed representation at the FSA. Davidson has been a director […]
The last Budget of this Parliament has frozen the inheritance tax nil-rate band for the next four years which will mean that more estates will suffer an inheritance tax charge on death. In the 2009 pre-Budget report, Chancellor Darling said he would introduce legislation in 2010 to freeze the limit of the inheritance tax nil-rate […]
What does a well-diversifed portfolio look like? What were the quarterly trends in model portfolios in Q4 2015? The Portfolio Barometer highlights trends uncovered by analysis of 210 model risk-rated portfolios managed by UK financial adviser and wealth management firms in the three months from October to December 2015. The model portfolios under review were […]
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The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
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