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News

Your profession

Sesame profits nil as group invests in RDR

Sesame Bankhall Group (SBG) generated zero operating profits in the first six months of the year as the company invested in technology and RDR transition.

clock 16 August 2011 •

Offshore Investment

CISX London summit announced

The Channel Islands Stock Exchange (CISX) International Business Summit is to be held at Mansion House, London on 29th September with a keynote speech from former Lord Mayor of London, Sir John Stuttard.

clock 16 August 2011 •

Offshore Investment

New Zealand QROPS status under threat

New Zealand's newly created Financial Markets Authority (FMA) could jeopardise the country's future as a QROPS jurisdiction, Premier Pensions Solutions(PPS) has warned.

clock 16 August 2011 •

Your profession

Suspend income tax on savings, urges action group

An action group has called on the government to suspend income tax on savings interest due to what it said was a "deteriorating" climate for savers.

clock 16 August 2011 •

Wrap/platforms

Elevate expands model portfolio range

Axa Wealth's platform Elevate has partnered with discretionary managers Investec Wealth & Investment and Mercater Capital Management.

clock 15 August 2011 •

Investment

IMA: Funds of funds sales hit record high

Sales of funds of funds reached record highs in the first half of 2011, the Investment Management Association (IMA) has said.

clock 15 August 2011 •

Investment

Buffett: The government has coddled me for too long

Berkshire Hathaway's Warren Buffett has said the US government should immediately raise taxes on high earners to aid the economic recovery.

clock 15 August 2011 •

Wrap/platforms

Novia adds State Street ETFs to platform

Novia has added State Street Global Advisor's (SSgA) range of SPDR exchange traded funds (ETFs) to the platform.

clock 15 August 2011 •

Investment

TPR urges advisers to get up to speed on auto-enrolment

The Pensions Regulator has contacted tens of thousands of IFAs and accountants as part of its auto-enrolment education drive.

clock 15 August 2011 •

Hedge Funds

Hedge fund duo banned for deceiving investors

A decision by the FSA to ban and fine the chief executive and chief financial officer of a hedge fund manager on grounds of deceiving investors has been upheld by the Upper Tribunal.

clock 15 August 2011 •
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