Fund Fees

Fund Fees

The FCA has just completed a 2½ year investigation into the UKs £8.1 trillion fund management industry, focussing on operating practices and whether charges are excessive. The time taken to complete the investigation certainly seems excessive. It is difficult to...
Bitcoins

Bitcoins

Bitcoins rose in value by nearly 1,500% in the past year and although they have now fallen back substantially, they still represent a massive return for those who got in early. For those who are kicking themselves for not having taken a punt on this enigmatic currency...
Trump Tax

Trump Tax

We were hoping to achieve the Pearly Gates without having had to mention the name ‘Trump’, however, needs must. The small handed one has lived up to his ‘America First’ policy by imposing a new tax on the interest payments made by the US...
The Financial Reporting Council

The Financial Reporting Council

According to its website, the FRC ‘regulates auditors, accountants and actuaries. Sets the UK’s corporate governance and stewardship goals and promotes transparency and integrity in business.’ Going from its recent activities though it might be fairer to...
Pensions Deficit

Pensions Deficit

A senior FCA person has outlined the regulators expectations with regard to transfers out of defined benefit schemes into money purchase arrangements. There is nothing new. The usual good practice and common sense stuff about weighing up all the pros and cons, making...