United Kingdom
Alternatives | 19 Jan 16
Close Brothers AM sees record inflows into IHT service
UK wealth manager Close Brothers Asset Management (CBAM) said its Close Inheritance Tax Service (CITS), which can help investors reduce death duties, had raised a record £45m ($64m, €59m) in 2015.
Church House launches risk-rated model portfolio service
Church House Investment Management, a UK-based discretionary fund manager, has launched a range of six risk-rated managed portfolios.
Tax & Regulation | 18 Jan 16
UK gov’t favours upfront tax relief on pension plans
UK chancellor George Osborne is likely to opt for a flat rate of tax relief on pension savings rather than a more radical move to a so called “pension Isa” when he announces the outcome of the government’s current review.
Invesco rolls out UK residential property fund
Invesco Real Estate has launched the UK Private Rented Sector Fund, and simultaneously announced its first close having already raised £250m ($356.6m, €327.5m).
Investment | 18 Jan 16
Asset managers see fintech opportunities
Asset managers across the UK are cautiously optimistic and expect business volumes, fee income, commissions, and investments to rise. They remain, however, acutely aware that their future is very much dependant on global equity markets and global economic conditions, according to PwC.