United Kingdom
UK to tighten IHT rules on non-dom offshore properties
The British government plans to extend its inheritance tax (IHT) rules to cover properties held by non-domiciled residents in an offshore entity.
Woodford makes move against bonus culture
Neil Woodford has thrown down the gauntlet to the fund management industry by scrapping bonuses at his self-titled firm.
Parallel distribution – the model for a post-Brexit world
Legg Mason’s head of product strategy, Jaspal Sagger, and Justin Eede, the company’s head of insitutional sales, are confident their ‘parallel’ distribution and product strategies will help them navigate any hazards these uncertain times may bring post-Brexit.
Macro Views | 19 Aug 16
BoE’s monetary magic isn’t working for investors – Psigma
The Bank of England’s efforts to soothe the post-Brexit economy are discouraging savers from spending and pushing them into riskier investments, warned Psigma chief investment officer Tom Becket.
Retirement | 19 Aug 16
UK savers taking ‘unsustainable’ rate of cash from pensions
Almost half of British savers withdrawing money from their pensions may be doing so at an unsustainable rate, according to analysis by asset manager Schroders.