SHANGHAI (Reuters) – China said on Sunday it will help firms that produce vital goods resume work as soon as possible, state broadcaster CCTV reported on Sunday, citing a meeting chaired by Chinese Premier Li Keqiang. Non-essential sectors, however, will be allowed flexibility in how they resume operations after the Lunar New Year holiday as […]

Union Budget 2020-21 is released by Finance Minister Nirmala Sitharaman. Income Tax Slab for FY 2020-21 is revised in new budget. Now you need not to pay tax for income up to 5 Lakh. Additionally tax percentage is also changed. At first instance it seems to be very good budget for middle class. But, it’s […]

(Reuters) – Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people. Here is the latest on their plans (in alphabetical order): AIR CANADA (AC.TO) Air Canada said on Jan. 28 it was cancelling select flights […]

Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Gen X is less prepared for retirement than they were 2 years agoAmericans’ retirement readiness has improved, with the percentage of the income they need to retire increasing to 83% from 62% in 2006, according to a survey by […]

After adding nearly 400 new advisors this year to reach nearly 16,500, LPL Financial is aiming even higher. A multi-pronged approach of attracting and accommodating advisors will drive LPL Financial’s strategy in 2020, according to Dan Arnold, CEO of the nation’s largest independent broker-dealer. After announcing record recruiting and organic asset growth for 2019 in […]

As many financial services firms are looking for deeper inroads into digital wealth management, one fund provider is looking to sell. The ETF giant WisdomTree has decided to sell its interest in advisor technology provider AdvisorEngine, according to its latest quarterly earnings report. Founded in 2014, AdvisorEngine offers an integrated client relationship management system and […]

The LF Woodford Income Focus Fund is to re-open on 13 February under the Aberdeen Standard Investments brand. Link Asset Services, the company handling fund administration after the Woodford debacle, has written to investors about the re-opening of the fund, now called the LF ASI Income Focus Fund. The fund is a sub-fund of LF […]

The Chartered Institute of Taxation has warned that a HMRC glitch could mean Marriage Allowance claims have been wrongly calculated. The error means some taxpayers may have overpaid tax. The body says HMRC has confirmed that a glitch in the self assessment system omitted Marriage Allowance claims from people’s Self Assessment tax calculations. This has […]

The mighty St James’s Place juggernaut seems to defy negative forces as the number of advisers working for it grows and grows. Despite plenty of negative publicity in recent months and questions about staff incentives and high charges, the SJP model grows like topsy. The latest quarterly figures show it added more than 300 new […]

SINGAPORE (Reuters) – Asia’s crude oil imports from the United States are set to rebound in May after freight rates for ships to carry U.S. crude to north Asia fell by 27% from a week earlier, trade and shipping sources said on Friday. A rise in Asia’s oil imports from the United States could displace […]