The multi-manager structure as we know it today - free of capital gains tax (CGT) for the buying and selling of funds within the wrapper and free of VAT - is 50 years old next year.
Not a lot of people know this - I did not until I recently chaired a roadshow with four of the industry's leading multi-managers. Given we are approaching the 100th anniversary of the launch of the...
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26 years in financial services
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