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News

Investment

Discretionary fund managers escape VAT obligation for transactional fees

Her Majesty's Revenue & Customs (HMRC) has upheld the VAT exemption on discretionary fund manager transaction fees.

clock 25 June 2013 •

Regulation

Consumer panel warns against early demise of KIDs

The Financial Conduct Authority (FCA)'s consumer panel has today warned that confusion over the purpose of the key information document (KID) could lead to its early demise.

clock 25 June 2013 •

Your profession

'What the hell are you doing with it?' MPs attack MAS over budget

The Money Advice Service (MAS) has come under fire from MPs after a sub-committee of the Treasury Select Committee (TSC) accused CEO Caroline Rookes that her organisation does not know what it is doing on money advice.

clock 25 June 2013 •

Investment

AXA IM's CEO Carrel-Billiard departs

AXA Investment Managers' CEO Dominique Carrel-Billiard is to leave the company, with the head of AXA's Itlaian insurance business Andrea Rossi to take over.

clock 25 June 2013 •

Investing in the profession

Thomas Miller Investment raids Psigma for head of intermediary role

Thomas Miller Investment has poached Matthew Lonsdale from Psigma to give him the role of head of intermediary business development.

clock 25 June 2013 •

Pensions

Adviser warns companies are running out of time on AE

Companies aren't giving themselves enough time to prepare for auto enrolment (AE), leaving themselves vulnerable to fines and even custodial sentences, according to one adviser.

clock 25 June 2013 •

Managed solutions

Advisers confused by risk-rated and risk-targeted funds - survey

A number of financial advisers have yet to grasp the difference between risk-rated and risk-targeted funds, a survey of 700 practitioners suggests.

clock 25 June 2013 •

Your profession

The Fry Group's planning arm awarded Chartered status

The Fry Group's financial planning arm has been awarded corporate Chartered status by the Chartered Insurance Institute (CII).

clock 25 June 2013 •

Tax Planning

Negative base rate 'remains an option', says MPC's Bean

Reducing the base rate from its current historical low of 0.5% into negative territory "remains an option" for the Bank of England's Monetary Policy Committee (MPC), deputy governor Charles Bean has said.

clock 25 June 2013 •

Offshore Investment

Confusion continues for Spanish home owners

Reform of the Spanish Tenancy Act, commonly known as 'LAU' which is now in force across the whole of Spain has done little to clear up uncertainty.

clock 25 June 2013 •
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