Industry
Best Practice | 30 Aug 17
HMRC’s rules for IHT on downsizing property are ‘impenetrable’
New HMRC guidelines on how people can downsize their home but retain the value of their previous residence for inheritance tax reduction purposes have been branded ‘impenetrable’ by accountancy body the ICAEW.
Multi-asset class takes the crown in drawdown market boom
While the number of retirees opting for drawdown has more than trebled since the introduction of the pension freedoms, retiring investors are choosing funds with long-term investment targets to meet near-term income needs, research from Dutch insurer and pension provider Aegon shows.
People Moves | 30 Aug 17
PEOPLE MOVES: T. Rowe Price, LGIM, Savills IM
US investment giant T. Rowe Price has beefed up its sustainable investing division, while Savills Investment Management get a new Asian research head and LGIM expands its active equity team.
Law firm loses appeal in ‘mafia risk’ property project
An Italian law firm has lost its appeal against a British High Court ruling that it was under a duty to warn investors over a failed property scheme that is now under investigation for allegedly being a money-laundering vehicle for the mafia and IRA.
Fixed Income | 30 Aug 17
Kempen launches European high yield fund
Dutch-based Kempen Capital Management has launched a European high yield fund targeting returns from BB-rated debt in the junk bond market.