3 into 1 does go – Raymond James mixes it up
Hello, hello, hot, isn’t it? Well, it is today; where today is the day I’m writing this, which is not necessarily the day you’re reading it. Such is the nature of producing stuff on the online internet superhighway; you can read it when you like, sort of thing. It might not be hot when and […]
So clean they’re dirty – zero AMC funds hove into view
So yesterday Architas, the multi-manager arm of AXA did something a bit unusual. It decided to offer investors on Elevate or Cofunds’ institutional platform access to a new share class on its funds. You can read the story on Fundweb here. Nothing that unusual about launching a new share class except that this one has […]
Rebates, tax and falafels
So in a move which surprised pretty much no-one, HMRC today ruled that rebates, whether in cash or in units, will be taxable. What fewer folk were expecting was that this will take effect from 6 April this year. This only applies to monies held outside an ISA or pension (thanks!) and isn’t retrospective (big […]
Just write the cheque already
Well, that’s been fun. The last 24 hours or so have seen a flurry of to-ing and fro-ing as a result of a Dear Compliance Officer letter from the FSA that landed on desks yesterday.It’s all to do with adviser charging and making sure platforms / providers can be really sure that clients have stuck […]
IMMIGRANTS IN SEX PENSION ROMP RIP-OFF SHOCKER!!!!
Sorry, came over a bit Daily Express there… A few stories have been smashing into each other (in my head, at least) over the last few days. First, LV= (how I do hate that equals sign) dipped a toe into the post-RDR insured pension space with their new low-cost adjunct to their SIPP. The trolls […]
