Tax & Regulation | 15 Jan 16
My dog ate my tax return…
“Self-assessment” and “tax return” are words that will cause even the most diligent of us to feel as though we’ve suddenly developed narcolepsy. An onerous task at best, people have come up with various excuses as to why they failed to meet the 31 January deadline. Click through the gallery to see the 10 worst excuses HM Revenue & Customs received from those missing the 2013-14 deadline.
L&G consolidation continues with Suffolk Life sale
Legal & General has further rationalised its offering by announcing the sale of Sipp provider Suffolk Life to Curtis Banks Group. The move follows L&G’s recent decision to dispose of non-core businesses, which saw it withdraw from France, Ireland, and Egypt in 2015.
Staying top quartile – it’s nearly impossible for US equity managers
US equity funds have a hard time in beating their peers on a sustained basis. Only 4.28% of 678 US equity funds analysed by S&P managed to consistently finish in the top-quartile during three consecutive one-year periods from September 2012 to September 2015. So no wonder investors prefer the passive option.
Asia’s new fund flows double to $535bn in 2015
Total capital flowing into Asian investment products in 2015 hit $535bn, driven by mixed asset funds, according to Strategic Insight data.
Investment | 14 Jan 16
Great expectations: Low risk of recession in global economy
Wells Fargo Asset Management strategist Jim Paulsen says the global economy is not at risk from a recession but from exceeding expectations of growth.