United Kingdom
Schroders’ advised assets drop £3.1bn
The assets Schroders manages of behalf of advisers’ clients has fallen by £3.1bn ($4.3bn, €3.5bn) in the first quarter of the year, according to its latest results.
IFA Newell Palmer clocks up third acquisition in four months
Newell Palmer’s acquisition of IFA firm HIA International Financial Services means the firm now has £2.1bn (€2.4bn, $2.9bn) in funds under management, a figure that will likely grow as it plans to make further acquisitions throughout the year.
Investment | 26 Apr 18
Woodford Patient Capital directorships raise eyebrows
Woodford Patient Capital Trust’s holdings in companies in which its independent directors, including its chairwoman, hold senior positions has raised eyebrows with investors, as they highlight concerns about the board’s ability to act in shareholders’ best interests.
UK inheritance tax receipts reach record £5.2bn
The UK government hauled in £5.2bn ($7.2bn, €5.9bn) of inheritance tax receipts during the 2017/18 tax year, a figure 8% higher than the previous year.
Investment | 25 Apr 18
Advisers favour Vanguard Lifestrategy despite duration concerns
Advisers continue to favour Vanguard Lifestrategy for multi-asset exposure, despite concerns the range’s high duration leaves investors exposed to rising interest rates.