Industry
Tax & Regulation | 22 Feb 16
UK 25% pension tax free lump sum in danger, say Royal London
If UK chancellor George Osborne opts to introduce a new Isa-style pension system in next month’s budget it spells the end of the 25% tax free lump sum allowance, says Steve Webb, director of policy for Royal London.
HNW client base from China increasing in Hong Kong, BEA says
Personal wealth is flowing out of China as domestic investors grow increasingly concerned over the markets and economic growth, according to Bank of East Asia.
Social impact investor surpasses £100m in capital raised
Capital raised by clients of UK-based social impact investment intermediary ClearySo surpassed £100m ($143.2m, €128.7m) this month, with £60m coming directly from the company’s network of institutional and high-net-worth individual investors.
Second property-backed Chinese asset manager defaults
Xin Qi, a Chinese asset management firm backed by property projects, has defaulted on CNY1.9bn (£203m, $291m, €261m) worth of investments, affecting thousands of retail investors across mainland China.
Standard Life posts jump in offshore bond sales
Standard Life increased offshore bond assets on its wrap platform by 23% last year although operating profits from its European business, which includes the Dublin-based international bond business, declined.