New inheritance tax rules have created “serious challenges” for thousands of retirement savers holding illiquid assets in their pensions, such as commercial property, advisers warn. Because of the size of their funds, wealthier pension savers have typically been able to access a wider choice of investment options than the traditional “vanilla” stocks and shares portfolio. … Read more
An ‘Amazon of guns’? Welcome to the ‘parallel economy’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank has laid out a steeper than expected capital hit from new rules on how banks calculate risk, as European lenders begin to reveal the impact of Basel IV reforms. Under the new rules, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Individuals should be able to invest in private assets within Isas, according to the chief executive of the Investment Association, even as some of the UK’s largest wealth managers express concerns over their suitability for … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a professor of economics at SOAS University of London Europe, the joke runs in Brussels, is permanently at a crossroads. But this time, it seems existential as the region faces the challenge … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sales of risky European corporate debt surged to their highest ever level in June, as lowly rated companies take advantage of a capital flight out of US markets on fears over the fallout from President … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A series of mysterious limpet mine attacks on oil tankers has shaken the shipping world, prompting speculation that the explosions were part of a state-backed sabotage campaign. Five vessels have been hit by deliberate blasts … Read more
One scoop to start: Matthew Freud is looking at options to sell his eponymous PR consultancy after 40 years as one of London’s top spin-doctors and corporate fixers. And another scoop: Ken Griffin’s hedge fund Citadel has been outshone by smaller rivals so far this year, as the firm was stung by the market volatility … Read more
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. Palmer Luckey, the billionaire co-founder of military tech group Anduril, is preparing to launch a US bank intended to fill the gap left by Silicon Valley Bank serving start-ups, including cryptocurrency businesses. To be named … Read more
Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. Investors reaped the rewards of looser bank supervision as Wall Street’s biggest banks announced a flood of shareholder payouts on Tuesday after passing regulatory “stress tests” that imposed easier conditions than in years past. JPMorgan, … Read more