Close Brothers

Changes to tax laws on the Isle of Man will allow companies to provide more competitive Qualifying Recognised Overseas Pension Scheme(QROPS) rates.

Close Asset Management has confirmed it has purchased Bristol-based Chartwell Group as the firm reported a "subdued" performance for the year.

Close Asset Management is currently researching the possibility of creating a QROPS product for British expatriates living in the US.

Close Ventures managing director Patrick Reeve has conducted a management buyout of the Close Brothers venture capital trust business from its owners.

Cenkos Securities has reiterated its desire to take over the Close Brothers Group in a £1.4bn or 950p per-share deal.

Close Brothers is to integrate its three private client businesses under the new Close Wealth Management Group brand.

Close Investments, the property, tax and investments specialist, is set to launch its rebrand in the next couple of months, including a new colour scheme and new website.

Nelson Money Managers has been awarded the contract to advice National Savings & Investments' million pound premium bond winners if requested.

Fundamentals of the market for commercial property mean it should offer returns in the high single digits through this year, says Anthony Wyld, managing director Close Brothers Investment Limited.

Client disappointment with equity funds because of the three-year bear market and demands for capital preservation are helping drive increasing interest in hedge funds amongst IFAs, new research suggests.