Thursday, 29 April 10
UK's private wealth funds market 'is competitive'
Recent legislative changes have helped the UK become a competitive domicile for those looking to invest their
private wealth in tax-efficient funds.
This is the opinion of director of authorised funds and tax at the Investment Management Association (IMA) Julie Patterson, who said ’significant changes to legislation’ have helped ...
Thursday, 29 April 10
Gold rises for private wealth traders
The value of gold has climbed for those using their
private wealth to invest in the precious metal due to speculation the debt problems in Europe will prompt demand for the commodity to rise.
Gold, which is traditionally seen as a safe haven in times of financial uncertainty, was ...
Thursday, 29 April 10
Private wealth traders boosted by FTSE rise
Investors using their
private wealth to trade on the stock market have seen the FTSE 100 rebound during morning trading today (April 29th).
The index has been boosted by strong quarterly results from a number of listed firms, after suffering earlier in the week due to the fallout of ...
Tuesday, 27 April 10
$85 a barrel for oil 'reasonable'
Individuals who use their
private wealth for investing in oil have been informed that an oil price of $85 (£55) a barrel is a ’reasonable level’, according to Reuters.
Head of research at the Organization of the Petroleum Exporting Countries (Opec) Hasan Qabazard told the news agency such a ...
Tuesday, 27 April 10
Private banking services told of FSCS progress
Private banking services have been told consumers could claim up to £50,000 if they have lost money through certain investment firms.
The Financial Services Compensation Scheme (FSCS) has said some individuals may be able to make a claim against investment companies that were declared in default on or after ...
Thursday, 22 April 10
Recession hits charity investments
The recession has caused a substantial dip in
charity investment that is affecting a number of the UK’s largest charitable bodies.
New research by Cass Business School shows charities have lost £23 million in assets during the downturn.
The UK’s biggest 500 fundraising charities saw their collective investment fund value ...
Friday, 16 April 10
Exporting 'key to UK emerging from downturn'
Exporting to emerging economies is one way the UK can recover from the current financial crisis, according to one investment expert.
Michael Baxter, editor of Investment and Business News, said it is ’verging on pathetic’ that the UK’s trading partners have remained largely unchanged over the centuries.
His comments may be of ...
Friday, 16 April 10
Televised debate results in sterling dip
The outcome of the televised election debate last night (April 15th) has caused the price of sterling to decline for those using their personal wealth to trade in the currency.
Leaders from the three main political parties discussed their polices live on air for the first time in British history, with ...
Wednesday, 14 April 10
Private sector investment 'needed to drive economy'
Those with high levels of personal wealth are likely to be contributing to the recovery of the British economy.
This is according to chief economist at the Institute for Public Policy Research Tony Dolphin, who explained investment in the private sector will be key to future expansion.
’Growth will have to be ...
Wednesday, 14 April 10
Election fears hamper sterling gains
Investors using their personal wealth to trade on the Forex markets will have seen any potential gains in sterling hampered by continued worries over the upcoming general election today (April 14th).
According to Reuters, fears that a hung parliament could be created when voters go to the polls on May 6th ...
Tuesday, 13 April 10
February hedge fund inflows reach $16.6bn
Global hedge funds took in $16.6 billion (£10.7 billion) of new funding during February, latest figures have revealed.
The strong returns recently seen in the industry means pension funds and individuals with high levels of personal wealth have increased their interest in making investments, TrimTabs Investment Research and BarclayHedge said.
Hedge funds ...
Tuesday, 13 April 10
Former Northern Rock bosses disciplined by FSA
The Financial Services Agency (FSA) has issued fines and bans to two former Northern Rock directors.
Davis Baker, ex-chief executive at the bank, has been ordered to pay £504,000 for inaccurately reporting mortgage arrears figures.
He held the position at Northern Rock from January 2004 to March 2008 and has also been ...
Monday, 12 April 10
Gold up as dollar dips
Investors using their personal wealth to trade in gold have seen the value of the precious metal rise during trading today (April 12th).
According to Bloomberg, the metal - which has an inverse relationship with the dollar - touched a four-month high early in the day.
It rose 0.7 per cent to ...
Friday, 09 April 10
FSA raising pension switching concerns
The Financial Services Authority (FSA) has raised concerns that some businesses are still failing to meet pension switching standards.
It has today (April 9th) published the results of recent work it has been carrying out in order to improve this aspect of the financial sector and noted that while many companies ...
Thursday, 08 April 10
Corporate banking risk management could reflect OECD predictions
The corporate banking sector in the G7 countries could take heed from a new report that has said gross domestic product (GDP) in the US is likely to grow faster than the three largest euro area countries.
GDP in France, Germany and Italy will not grow as quickly as that of ...
Thursday, 08 April 10
Private wealth could gravitate towards white metals
Investors may want to use their
private wealth to purchase shares in white metals such as platinum and palladium, rather than focussing on gold.
A new report has revealed that interest in platinum is increasing among investors, backed by the global economy beginning to show signs of recovery, particularly ...
Thursday, 08 April 10
CIOT criticises planned tax legislation
The government needs to start afresh with its planned legislation that will apply to tax agents seen to be carrying out deliberate wrongdoing.
According to the Chartered Institute of Taxation (CIOT), the current proposals should be scrapped, as they could result in tax advisers not acting illegally being subject to prosecution.
Under ...
Thursday, 08 April 10
CBI calls for public sector pensions overhaul
The Confederation of British Industry (CBI) has called for changes to be made to the current public sector pensions model.
New research produced by the body has revealed a need to switch to a more affordable alternative in an effort to limit a ’£1 trillion burden’ that will affect taxpayers.
Its ’Getting ...
Tuesday, 06 April 10
New 21-month high reached by FTSE
The FTSE 100 has touched a new 21-month high after climbing 0.5 per cent during trading today (April 6th).
Investors who have used their personal wealth to purchase energy and mining stocks are likely to welcome the news, as it is these two categories that have helped the FTSE reach 5,772.11 ...
Tuesday, 06 April 10
Accountants working to solve 50 per cent tax demands
Many accountants have been working ’around the clock’ to help protect the personal wealth of their clients from the new income tax increase, which came into force today (April 6th).
This is according to a report in the Financial Times, which noted a number of firms, including Deloitte, have observed an ...