United Kingdom
Retirement | 7 Nov 14
Pension inheritors escape 55 death tax
Pension assets being passed on after death will not be subject to the 55% “death tax” from 6 April next year, following further pension amendments from the UK government.
United Kingdom | 7 Nov 14
High risk avoidance promoters face 1m fines
Promoters of tax avoidance schemes deemed “high-risk” by HM Revenue & Customs (HMRC) have been sent letters warning them they could be named publically, monitored, and fined up to £1m.
Newsmith to launch European longshort fund
Newsmith will launch a UCITS version of its European long/short fund later this month, to open up the strategy to UK and European investors.
Schroders reports 18 jump in Q3 profits
Schroders reported an 18% rise in profit before tax for the three months to 30 September, on the back of continued net inflows that outweighed the negative impact of a stronger sterling.
Offshore Bonds | 5 Nov 14
Far East sales hamper growth at
Skandia International has seen its funds under management (FUM) grow by just 2% this year, as strong UK offshore sales are offset by lower sales in the Far East.