News

Former Odey chief executive David Stewart has joined the board of Hargreave Hale as a non-executive director.

Parents would be able to pass a main property worth up to £1m to their children without paying any inheritance tax (IHT), under Tory plans in Treasury papers leaked ahead of Wednesday's budget.

HSBC is closing accounts on Jersey belonging to customers living in the UK amid checks on their identity and addresses.

UK supermarket Sainsbury's reported a drop in retail sales for the fourth quarter of 2014 as it warned its market will "remain challenging for the foreseeable future"

A law firm has called into question the effectiveness of the regulator's investigations tool, which, paid for by the firms probed, led to enforcement action in only 2% of cases last year.

First State Stewart, the GEM, Asia Pacific and global equity arm of First State Investments, is to split in two and rebrand in a bid to cope with "the burden of scale", Investment Week can reveal.

Investors in Richard Pease's Henderson European Special Situations fund are to vote on its transfer to Crux Asset Management on 28 May, with the manager himself moving over at the start of June.

Liontrust's Anthony Cross, one of the largest shareholders in Charles Stanley, has backed the wealth firm's decision to offload its securities arm and said the company's business review can help it gain ground on peers.

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National wealth manager Bellpenny has continued to expand its business with a further acquisition of an IFA with £40m in funds under management.