Investors choosing to pull their cash from wealth manager Jupiter have triggered the closure of two under performing funds. The global investment giant has announced the Jupiter UK Alpha and Jupiter Enhanced Distribution funds will shut on March 31. The Jupiter UK Alpha fund has operated for more than 25 years. Investors have withdrawn huge amounts … Read more
Millions of Australian superannuation savers are set to pick up a surprise cash payment from the taxman. Around 2.6 million saving for retirement in a superannuation scheme qualify for the tax windfall. Savers with account balances of less than AUS$200 will see the refund in their bank accounts. But savers with between $200 and $6,000 … Read more
Unscrupulous builders are scamming online find-a-trader platforms by bribing customers to post fake reviews, a web site owner claims. Even though thousands of home owners rely on honest review sites when making a choice about which tradesmen to hire, customers are offered cash discounts to post favourable reviews of their work. The revelation comes from … Read more
Tax authorities around the world are warning expats to own up to offshore tax avoidance as a new international data sharing network is switched on to full capacity. The Common Reporting Standard links tax services in more than 100 countries. The way the network swaps data is simple. Each country sends every other network member … Read more
Digital currency OneCoin is in a mess with thousands of investors locked out of their money and the scheme’s founder on the run from US authorities accused of running a pyramid scam. Police and regulators reckon OneCoin has raised £4 billion from tens of thousands of investors around the world. Founder Ruja Ignatova argues OneCoin … Read more
Neil Woodford’s demise as a celebrated fund manager has prompted many investors to diversify – but the problem is where to look for suitable investments. If you are making a single investment to spread across lots of different stocks, sectors and countries, then the Association of Investment Companies (AIC) has put together a list of … Read more
A lawyer has cost a client selling land £25,000 with a slip up over an automated electronic signature. The lawyer sent an email confirming the sale for £175,000 by email with an auto-generated signature block – and later tried to back out of the deal claiming no contracts had been signed by both parties as … Read more
Venture capital trusts are sweeping up more money from investors as the opportunity to stake savings in other tax efficient investments dries up. In 10 years, VCT investment has surged by 375% to £731 million as tax changes have knocked other investments, such as pension saving and buy to let. VCTs back small, new companies … Read more
Few people understand tax and how the rules impact the money in their pockets, according to new research. Out of 2,000 people quizzed about tax, the average score out of 30 was just 10.6 – while half of those taking the quiz scored less than 10. The lowest scores came from the youngest people asked … Read more
The new pensions dashboard may encourage retirement savers to tidy their finances by consolidating pensions – but this is not always a good idea, says one expert. Former Pensions Minister Steve Webb, who is now a director at financial firm Royal London, reckons savers should take professional advice before consolidating as the wrong decision could … Read more