Three UK equity fund newcomers to look out for
Head of investment research at Morningstar OBSR, Ruli Viljoen, picks his top three newcomers into the UK equity fund space.
UK Adviser
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HMRC is closing in on you Offshor
HM Revenue & Customs has told offshore tax evaders to come forward now before we come to you, as it makes failure to declare taxable offshore income and gains a strict liability offence.
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Former Leeds MD detained in Dubai
The former managing director of Leeds United currently jailed in Dubai has had his assets frozen by a UK high court judge.
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Legal and General terminates ABI membership
Legal & General is to leave the Association of British Insurers, claiming the insurance industry is becoming decreasingly suited to uniform representation from a single trade body.
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GAM restructuring bearing fruit
According to GAM CEO, David Solo, the restructuring process is now largely complete and the results are evident.
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Ashcourt Rowan appoints business
Ashcourt Rowan has hired a new business distribution director to strengthen its external intermediary relations, including offshore bond providers.
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Heavy fines reveal FCA clampdown on market abuse
Market abuse was one of the Financial Conduct Authoritys most handled offences in 2013, with the regulator issuing over £340m worth of fines for the crime.
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Europe bolstered by strong long term fund sales
Long-term funds closed off a strong second quarter for Europes fund market, with inflows of 36.12bn throughout June, a month which also saw UK equity income funds achieve record sales.
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St James Place sees new business
St James’s Place has seen a 20% year on year growth in new business over the first six months of 2014, despite losing nearly 10% in profit due to regulatory changes.
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Jersey passes charity law in bid to bolster
Jerseys government has passed a new charities law in its latest bid to become the leading international finance centre for philanthropic wealth structuring.
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RBS posts 26bn profits in surprise results release
The Royal Bank of Scotland has announced that it expects pre-tax profits of £2.6bn for the first half of the year, in a surprise early release of its first-half results.
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Four celebs who paid the price of tax avoidance
International Adviser looks at four cases of celebrities being targeted for their investment into tax avoidance schemes.