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High earners should make 'pre-election pension contribution' 01/05/2015 Little looks certain regarding the outcome of this year’s general election, but one proposal which has been mooted by each of the three key political parties and looks set to gain traction in the coming months is a reduction in pensions tax relief for anyone earning over £150,000 per annum. ABN Amro adopts new IT platform for private banking arm 01/05/2015 ABN Amro is to upgrade its Private Banking arm with the adoption of a new wealth management platform from financial services software provider, Temenos. AFH makes largest acquisition to date 01/05/2015 AFH has made its largest acquisition to date - Independent Financial Services (U.K.) Limited. Barclays said eyeing sale of chunk of wealth management business 01/05/2015 A part of Barclays' Americas wealth management business, based around the brokerage unit of the old Lehman Brothers, is on the auction block, brokers at the firm are being told by their managers, according to FOX Business News in New York.
GAM AGM confirms chairman and share dividend 01/05/2015 Shareholders of GAM Holding AG have re-elected Johannes A. de Gier and confirmed him as Chairman of the Board of Directors. Wealth software firm to launch new foundation product 01/05/2015 JHC, a provider of software and services to wealth and investment management firms, announced the launch of their new application platform Element. Investors withdraw £1 billion from UK funds as election nears 30/04/2015 Private investors withdrew £1 billion from UK equity funds in March, according to new Investment Association statistics. Fund admin firm hires for US growth 30/04/2015 Fund administration and fiduciary firm Maitland has hired Scott Price as head of business development and client management for North America.
HSBC to cut 260 in Switzerland mostly in back office 30/04/2015 HSBC bank in Geneva plans to axe 260 jobs over a period of two years. Schroders reports wealth management profit increase 30/04/2015 Schroders has reported wealth management pre-tax profit of £14.9 million for the first quarter, a year on year increase of 12 percent.
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