United Kingdom
LGIM’s profits slip despite rise in international assets
Legal & General Investment Management’s profit slipped by a marginal 3% to £171m in the first half of the year versus the same period in 2015.
EEA investors face more delays selling shares in doomed fund
Investors in the ill-fated EEA Life Settlements Fund have been told they cannot sell their shares in so-called ‘death bonds’ until later in the year as not enough cash has been generated from maturing policies, according to campaign group EEA Investor’s Group (EEIG).
Tax & Regulation | 8 Aug 16
Ingenious hits back at HMRC ‘inaccuracies’ in case ruling
The chief executive of film partnership firm Ingenious has attacked HM Revenue & Customs in response to the UK tax office’s ruling on two tax avoidance cases.
Canada Life reassures investors on life bond withdrawals
Canada Life has reassured financial advisers that clients using its life bonds can still access their money even if part of their funds are in suspended UK commercial property funds.
Retirement | 5 Aug 16
BoE cuts and QE ‘catastrophic’ for pension funds: says deVere
The Bank of England’s decision to cut interest rates and expand quantitative easing (QE) to cushion the UK from recession is not the answer to the country’s economic woes, the chief executive of deVere Group has warned.