The Conservative Party is reported to be having an internal argument about higher rate tax and a promise by defence secretary Michael Fallon that it will not rise. It is certainly interesting timing.
HSBC targets robo advice to customers with less than £15,000.
Aegon chief distribution and marketing officer Mark Till suggests that robo-advice will not reach scale for five years. Advisers will then see the benefit in improvements in back office systems.
The quote is certainly pithy - “There will be small and niche players serving people who are interested in investing but not serving a great volume of customers. I do not believe that people want to sit in front of a computer, type large amounts of information into it and pay a premium for the computer telling them what to do.”
Ingenious Film Partners loses a crucial court case and owes the taxman £700 million.
Miton’s David Jane discusses how to navigate bear markets. Kames Capital’s David Roberts warns of the mother of all bubbles from quantitative easing.
The World Bank believes the UK will grow by 1.8% this year up from 1.2% that it estimated in January. Henderson says global dividends have grown 5.4% due to a global recovery.
