Orbis UK retail head Marcel Bradshaw announces retirement
Matthew Spencer has been named as his successor
Quilter
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Quilter sees 164% increase in core net inflows in H1 2024
Company also achieved a 28% increase in adjusted profit
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FCA announces overhaul of listing rules in bid to boost UK IPOs
Removes the need for votes on significant or related party transactions
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Bank of England holds rates at 5.25% for June
Industry commentators discuss hold decision
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Conservatives pledge to deliver further cuts to National Insurance
Rishi Sunak delivered the party’s election manifesto at Silverstone today
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Labour drops plans to reintroduce lifetime allowance
The party had previously planned to bring back the LTA, which was scrapped in the 2023 Spring Budget
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UK investment giants: British ISA proposals could fall foul of Consumer Duty
Hopes that a Labour government will ‘drastically improve’ existing plans
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Quilter assets climb to £111.6bn as IFA inflows jump 400%
Review of appointed representative firms to commence shortly
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Higher-than-expected UK borrowing could spoil chance for pre-election tax cut
Government borrowing was £6.6bn above target, giving the Chancellor less room for tax cuts
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Quilter WealthSelect managers highlight ‘no landing’ scenario concerns
MPS managers have paused adding to their fixed income allocation over fears sticky inflation could delay rate cuts
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UK model portfolio purchases outstrip overall fund sales
Tatton Investments ranks as best-selling model provider for the period
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Spring Budget 2024: British Isa announcement receives mixed reactions
Additional £5,000 top up also announced in spring budget.