Progeny launches multi-asset ETF portfolio
A multi-asset ETF product that is only available through financial advisers has been launched by Progeny Asset Management.
Author: Tom Carnegie
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FCA steers away from pre-RDR trail commission ban
The Financial Conduct Authority (FCA) has “no immediate plans” to ban trail commission on legacy investment products, it has announced in a policy statement that looks to shake-up the asset management industry.
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Barclays and Aviva buck downward trend in FOS complaints
Aviva and Barclays bucked the downward trend in complaints about financial services companies made to the Financial Ombudsman Service (FOS) in the second half of 2017, according to the latest figures.
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Hargreaves £15m tax case win over HMRC
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m rebate.
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IFAs among 24 firms FSCS declares in default
Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.
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Six things bugging asset management chiefs
The asset and wealth management industry is about to usher in a period of disruption, with cyber security threats a big concern, chief executives across the sector have warned.
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FCA: Regulations ‘only go so far’ in changing culture
Regulation is only “one piece of the puzzle” in addressing financial services culture, according to the UK Financial Conduct Authority (FCA), which has released a paper it hopes will create debate and promote a positive change in the industry.
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Aegon to launch multi-manager investment company
Aegon has announced plans to launch a multi-manager investment company later this year.
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Panama Papers to net UK taxman extra £100m
Investigations into the Panama Papers are expected to generate £100m ($140m, €113m) in additional tax, HM Revenue & Customs confirmed to law firm Collyer Bristow.
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‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
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UK to review ‘complex’ inheritance tax
Chancellor Philip Hammond has written to the Office of Tax Simplification (OTS) asking it to carry out a review into inheritance tax (IHT), which he said is “particularly complex” at present.
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UK wealthy struggle to understand inheritance tax
More than two thirds of UK consumers with assets of more than £325,000 ($454,305, €370,339) do not know their estate may be liable for an inheritance tax (IHT) bill, according to research by Canada Life.
