Standard Life to foot client rebate tax bill
Standard Life has agreed a one-off settlement with HMRC which will see it pay customer taxes on rebates until it has rolled out its full range of clean share classes.
Standard Life
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Skandia rebates in investor best interest
Skandia is sticking to its plan to maintain rebates on as many funds as possible following the roll-out of its new unbundled share class, arguing the majority of investors will be disadvantaged should they be abolished altogether.
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All change at Cofunds
Cofunds has announced plans to offer 3,000 clean fee share classes by July, up from 2,700 now, while Fidelity FundsNetwork's aim by June is only a third of that level at 1,000, Portfolio Adviser can reveal.
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std life skandia divided fca platform paper
The initial reaction has been overwhelmingly positive to the Financial Conduct Authority’s long-awaited platform paper was published this morning which has banned cash rebates greater than £1 for both advised and non-advised platform business.
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craig macdonald SLI head of credit
Craig MacDonald is to replace Andrew Sutherland as head of credit at Standard Life Investments (SLI) as the latter is to take retirement after more than three decades with the company.
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investors switch on to clean funds
There was a 268% increase in clean fund sales in March as investors sought to avoid new fund charges and make last minute ISA investments, according to TD Direct Investing.
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Standard Life poaches BNP Paribas economist
Standard Life has hired BNP Paribas’s Jeremy Lawson to advise its global strategy team as it looks to build on its multi asset capabilities.
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Technology shakes its stigma and gets second wind
Technology has bounced back into favour and is currently the most popular investment sector in the US, UK and Europe according to a recent survey conducted by BofA Merrill Lynch.
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Rebates reconsidered following tax ruling
Standard Life and Skandia may change their rebate models following the announcement by HMRC on Monday that platform rebates will be subject to income tax.
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Bristol beckons Standard Life Wealth
Standard Life Wealth has opened a new office in Bristol in order to service its clients in the South West.
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SLI UK equity fund manager swap
Standard Life has changed the manager of its UK Equity High Alpha Fund, the firm announced this morning
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gars in a world of its own but for how long
As at the end 2012, Standard Life GARS had AUM of £21.1bn, roughly the nominal GDP of Kenya or Yemen in one fund, but that doesn't necessarily mean it's not going to grow further.