News
People Moves | news 7 Jun 16
PEOPLE MOVES: Axa, Walker Crips, L&G
Axa promotes internally to fill chief operating officer role for its Asian operations, while Walker Crips hires ex-Nutmeg head of compliance. Rowan Dartington appoints new investment manager in its London office, as China’s GFI gets new chief investment officer.
Macro Views | news 6 Jun 16
Schroders picks out its biggest fears
Some of Schroders best known fund managers have picked out what they see as the biggest concerns for investors in the near term.
Tax & Regulation | news 6 Jun 16
Strabens Hall claims PI payout ends insolvency threat
International IFA firm Strabens Hall says it no longer faces “inevitable insolvency” due to £1m in claims over ill-fated investments in the collapsed Connaught Income funds after reaching an agreement with its professional indemnity insurer.
Brexit-linked volatility to have big impact on Europe funds
A vote by Britain in favour of leaving the European Union at the upcoming referendum on June 23 is likely to increase credit default spreads, dividend yields and volatility across Europe, according to research firm PureGroup.
HMRC revenue from tax on ‘enveloped’ properties soars by 50%
The UK tax office has raised £174m ($255m, €220m) from a tax on British homes owned by companies, latest data from London and Geneva-based law firm Collyer Bristow suggests.