Reeves eyes £80bn investment with pension ‘megafunds’ Investing The Chancellor Rachel Reeves will unveil plans to consolidate the UK’s sprawling £400bn local authority pension schemes today in a bid to unlock a wave of investment into the UK. In her first Mansion House speech in the City, Reeves is expected to announce a new Pension Schemes Bill to be introduced next year, aiming [...]
AJ Bell says Budget jitters are causing investors to pull pension money Investing AJ Bell has warned uncertainty around Rachel Reeves’s Budget this month is causing investors to pull pension money from its platform and hold off contributing to their retirement pots. In a trading update for its financial year to September, the FTSE 250 firm said it had seen an acceleration of cash exiting the platform amid [...]
Quilter inflows shoot up as platform business booms Investing Investors poured millions into Quilter during the last quarter, with the wealth manager bringing in £1.4bn of new business over the last three months. All arms of the business saw elevated levels of cash being deposited into them by investors, pushing group assets under management and administration to a total of £116.2bn. In a trading [...]
Capital gains tax could be hiked to almost 40 per cent October 10, 2024 Capital gains tax could be hiked by Chancellor Rachel Reeves to almost 40 per cent in the Budget, according to reports. The Guardian has reported that the Treasury is modelling a range of between 33 per cent to 39 per cent. Around 350,000 people pay the wealth tax with is levied on the sale of [...]
What’s causing the decline in UK investment fund launches? September 19, 2024 The number of actively managed funds launched in the UK is dropping, fast. While the number of passive funds, which track indexes, has been fairly consistent recently, the number of active ones has almost halved in the last five years, from 146 in 2018 to just 79 last year. What’s worse, only 32 have been [...]
Wealth manager Quilter posts record adjusted profit as investors’ nerves ease August 7, 2024 FTSE 250 wealth manager Quilter has reported a record adjusted profit amid a recovery in net inflows and improvements in global equity markets.
Quilter boss: Why Westminster needs to keep its ‘tinkering’ hands off the City May 2, 2024 Every week, Charlie Conchie sits down with the biggest movers and shakers in financial services. This week it’s Steven Levin, chief executive of wealth manager Quilter
Quilter: Wealth manager attracts surge of fresh cash as stock markets rebound April 24, 2024 Wealth manager Quilter has pushed up the amount of cash managed in its funds in the first three months of the year after a surge in fresh inflows and a rebound in global equity markets.
Why Quilter won’t be the next St. James’s Place March 21, 2024 In Quilter's 2023 results that were published this month, the firm revealed that it had been approached by the Financial Conduct Authority
Quilter reports growth as bosses celebrate hitting cost-cutting targets early March 6, 2024 Assets under management and administration edged back over £100bn during the year, finishing at £103.4bn, compared to £96.2bn at the end of 2022.