Schroders hit by outflows as market fears stall intermediary business
Schroders registered headline pre-tax profits of £282.3m ($371.3m, €335m) for the first half of the year, despite a collapse in inflows to £700m compared to £8.8bn a year earlier.
Best Practice | 28 Jul 16
IFAs must recruit from a wider gene pool to grow business
Recruiting more diverse IFAs is key to tapping new markets and growing business, but attracting fresh blood into the industry remains a challenge, industry experts have said.
Investment | 27 Jul 16
Manager continuity key to consistent trust outperformance
Research by the UK’s Association of Investment Companies (AIC) has found a correlation between fund manager longevity and fund performance.
Malta amends tax rules to clarify Qrops 30% transfer limit
Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.
Investment | 27 Jul 16
Connaught scandal liquidators secure £18.5m payout from Capita
UK outsourcing firm Capita has paid £18.5m (€22.07m, $24.2m) to settle a claim brought against it by the liquidator of the Connaught property fund fraud in which investors lost up to £100m.