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 [...]
Funds and investment trusts for all the family February 26, 2019 | City Talk by Jemma Jackson from interactive investor. As the current tax year approaches an end, interactive investor selects some great funds for your ISA. Whilst reviewing or selecting an ISA portfolio might seem like a solo pursuit (the clue is in the name – Individual Savings Account), it doesn't have to be. interactive investor explains why [...]
Jupiter finance chief Charlotte Jones moves to insurer RSA February 26, 2019 Jupiter Fund Management chief financial officer Charlotte Jones has been poached by FTSE 100 insurance group RSA. The fund management firm said Jones’ departure to join RSA in the same role after three years was “disappointing”. Read more: Ex-Janus Henderson boss to replace Jupiter Fund Management chief executive Jones, who already sits on the RSA [...]