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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Fund managers in London have slashed their hiring by nearly half since the Brexit vote, while recruitment in Paris and Luxembourg has risen, according to new data. A Financial Times report says data from professional networking site LinkedIn shows the number of London-based investment management job ads posted on its site fell in the first […]
Sims Financial Planning has become the third adviser acquisition this year for consolidator Fairstone. Three staff will join Fairstone, bringing funds under management to more than £90m along with total fee income of almost £500,000. Sims is the latest firm to be fully acquired by Fairstone after joining its downstream buyout programme in July 2015. […]
Aim listed advice and investment firm Harwood Wealth Management has continued its run of acquisitions with a deal to buy an Ascot-based retirement advice specialist. Harwood has acquired the assets of Plan65 for up to £1.56m depending on performance, with an initial payment of £810,000 coming out of Harwood’s existing cash reserve and the rest […]