Investing in Aim and EIS shares can add some excitement to your financial portfolio February 28, 2019 You have some cash saved in a rainy-day fund. You’ve invested sensibly in a diverse portfolio that contains a mix of low-cost trackers and well-managed investment funds. But now you want to add a bit of excitement to this financial cocktail. If this describes you, then there are a few ways to go about it, [...]
Asset management firms ‘inconsistent’ with cost disclosure, City watchdog warns February 28, 2019 Asset management firms are inconsistent with costs and charges disclosure compliance, the city watchdog warned today. The Financial Conduct Authority (FCA) said asset managers must ensure they are “clear, fair and not misleading” in order to avoid confusion over costs for customers. Read more: Asset management firms face overhaul of fund disclosure The FCA's investigation into disclosure [...]
How to build an investment income generating machine February 28, 2019 | City Talk By Jemma Jackson from interactive investor. As we celebrate 20 years of ISAs, we reveal how patient investors can construct a lucrative portfolio. The launch of ISAs in 1999 did not get off to an auspicious start, being swiftly followed by the dotcom bust between March 2000 and March 2003. Indeed, the last two decades [...]
Billionaire venture capitalist Sir Michael Moritz replaces Man Group as Booker Prize sponsor February 28, 2019 Billionaire venture capitalist Sir Michael Moritz is the new sponsor of the Booker literary prize. The sponsorship by Moritz and his wife Helena Heyman’s charitable foundation Crankstart comes after fund management firm Man Group stepped down from the role after 18 years. Moritz, who was a journalist before moving into technology investment, has been a [...]
The EIS has cost the government £3bn in tax relief, so why has it become more generous? February 27, 2019 The enterprise investment scheme (EIS) celebrates its silver jubilee this year. Announced by the then chancellor Ken Clarke in the Autumn Budget in 1993, the scheme was launched at the beginning of 1994. The benefits of the EIS have remained generous – in fact, they’ve become more generous. Until April 2011, the up-front tax relief [...]
St James’s Place funds under management hit £102bn February 27, 2019 St James’s Place has announced that its funds under management have exceeded £100bn in 2019, as the wealth manager posted its full-year results this morning. The figures Funds under management in 2018 hit £95.6bn, however the value has since reached £102bn, the wealth management group announced this morning. Net inflows last year were £10.3bn, up [...]
If you’re stuck on which tax-efficient investment scheme to go for, let’s weigh up your options February 27, 2019 At first glance, venture capital trusts (VCTs) and enterprise investment scheme (EIS) funds seem like peas in a pod. They are both government-backed tax wrappers, and they both let you invest in risky young companies. They also come with the same 30 per cent income tax perk, meaning that if you invested £10,000, you would [...]
The EIS evolution: How will incoming changes affect investors? February 27, 2019 The enterprise investment scheme, or the EIS, is a shape-shifter. Unveiled by the government back in 1993, the scheme was designed to help small, promising companies access finance by offering generous tax breaks to investors (you can claim income tax relief of 30 per cent when you buy shares in EIS-eligible companies). The EIS has [...]
US alternative asset management firm Ares to lend £1bn to Daisy Group for minority investor buyout February 26, 2019 US asset management firm Ares will invest more than £1bn in business telecoms firm Daisy Group to allow the firm's founder Matthew Riley to buy out a minority investor. The investment will also be used to refinance the company’s existing credit facilities, and will support the firm’s future growth plans. Read more: Daisy calls FTSE [...]
Ex-Barclays Bank chairman Sir Gerry Grimstone to chair Investcorp and Aberdeen Standards joint venture February 26, 2019 Former Barclays Bank chairman Sir Gerry Grimstone has been appointed chairman of Investcorp and Aberdeen Standard’s gulf infrastructure investment joint venture. Grimstone, who stepped down from his role at Barclays investment arm on Friday, is rejoining Standard Life Aberdeen after resigning as chairman in January this year. Read more: Chairman of Barclays' investment banking arm [...]
