As per Budget 2020, dividend income from shares and mutual funds is taxable in the hand of recipient as per applicable tax slab. This means the dividend income which was earlier tax exempted has become taxable. Additionally, any dividend income above Rs.5000 in a financial year will attract tax deduction at source. Many Dividend Mutual […]

WASHINGTON (Reuters) – The U.S. Federal Aviation Administration is allowing U.S. airlines to resume operations over large areas of the Gulf, saying that a lower military posture by Iran has reduced the threat of miscalculation or misidentification of civilian flights. A notice issued on Friday by the FAA rescinded restrictions imposed on U.S. air carriers […]

DUBAI (Reuters) – Oil production at the West Karoun oilfields in southwest Iran has increased five-fold in the past six years, Iran’s Oil Minister Bijan Zanganeh said on Saturday, according to the news site of the oil ministry SHANA. SHANA did not give a figure for the current daily production of oil at West Karoun. […]

Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Clients can now make IRA contributions at any age. But should they?Although the Secure Act scrapped the age limit for IRA contributions, younger clients are better off contributing to traditional IRAs early than later in life to make the […]

A jury ordered PNC Bank to pay a former employee $2.4 million in damages for allegedly failing to take effective action to protect her and other employees from a client’s alleged sexual harassment and misconduct. Former wealth manager Damara Scott said she was leaving the bank lobby in October 2013 when the customer, Patrick Pignatello, […]

Ameriprise added a father-son team, helping replenish its advisor ranks after reporting headcount dipped for the fourth quarter. Norman Robbins and his son Michel joined the firm on Jan. 3 in Boca Raton, Florida. They left Cetera Financial Group after less than a year with the firm and now operate within Ameriprise’s employee channel. Norman […]

Spending the right amount of money on a tech budget can be tricky. Getting employees to adopt expensive new software can be even harder. That was a key lament from several top advisors who shared tips for budgeting and adopting new tools at an Investments & Wealth Institute conference in New York Feb. 13-14. “I […]

Standard Life Aberdeen chief executive Keith Skeoch has been appointed chair of the Investment Association’s board. Michelle Scrimgeour, chief executive of Legal & General Investment Management and Patrick Thomson, chief executive for EMEA of JP Morgan Asset Management, have been appointed deputy chairs. The three will assume their roles on 1 May. Mr Skeoch replaces […]

Well, that was a bit of a week, wasn’t it? Few could have guessed on Monday we would have started the week with one Chancellor and ended with another. I suspect Mr Javid has probably crossed No.10 off his Valentine’s card list this week. So was it a mistake or a piece of bold action […]

BRUSSELS (Reuters) – Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday. The European Union’s statistics office Eurostat said GDP in the 19 countries […]