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.
News
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Axa IM restructures research around five themes
Axa Investment Managers (IM) Framlington Equities has restructured its internal research capabilities to integrate five main thematics it believes will impact future returns.
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FCA and IA launch fintech initiatives
Fintech was the order of the day on Monday as the Financial Conduct Authority and Investment Association launched initiatives aimed at supporting innovative firms that have the potential to transform the asset management industry.
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Failed Scottish Widows merger behind Lloyds’ £109bn exit
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
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Global dividends hit record $1.3trn
Global dividends reached a record high in 2017, boosted by a strengthening world economy and rising corporate confidence, according to Janus Henderson.
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Sanlam UK acquires Yorkshire-based financial planner
Sanlam UK has continued its expansion by acquiring East Yorkshire based financial planner Grennan Advisers, adding £60m of assets under management (AUM).
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Old Mutual chairman leaves to join Saga
Old Mutual chairman Patrick O’Sullivan will be stepping down from his role after the firm’s managed separation is concluded to become the chairman of Saga Group.
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Arbuthnot Latham names investment heads in top brass shakeup
Arbuthnot Latham has appointed Coutts & Co alumni Colin MacKenzie and Dean Moore to key posts within its investment and wealth management divisions, following a top brass overhaul.
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Nucleus launches capital gains tool
Nucleus has launched a capital gains tool which will be added to its client reporting suite.
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The dangers of key man risk in investment trusts
What a difference a couple of weeks can make in the investment trust world. At the start of February, the River & Mercantile UK Micro Cap trust was trading a 16.2% premium to net asset value (NAV), following a strong run of performance, but that was soon to change.
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January retail sales slump confirms ‘slowdown’ trend
The UK saw another month of weak retail sales that lagged consensus expectations in January, confirming that the long-term trend is toward a “slowdown”.
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Aurora commits to pharma by upping GSK stake
Phoenix Asset Management has upped exposure to Glaxosmithkline (GSK) in the Aurora Investment Trust because it believes in pharmaceutical companies’ ability to consistently regenerate themselves after setbacks.