Steven D. Levin

2 weeks ago | moneymarketing.co.uk | Momodou Musa Touray |David Boyhan |Steven D. Levin

Utmost Group has reported a strong financial year across the business with its wealth solutions arms surpassing £100bn in Assets under Administration (AUA). Utmost Wealth Solutions also achieved strong inflows of £3.9bn in 2024, an 8% increase on the previous year. In a trading update today (25 April), the group said it had a “transformational year” with the delivery of significant strategic initiatives in its international and UK businesses.

3 weeks ago | moneymarketing.co.uk | Darius McQuaid |Steven D. Levin |David Boyhan |Salome Asabre

The Alternative Investment Market (AIM) is expected to raise at least an additional £110m in inheritance tax (IHT) per year. This is according to research from TWM Solicitors, based on a Freedom of Information request it made to HMRC. Following chancellor Rachel Reeves budget in October 2024, she halved the IHT relief on shares in stocks quoted on the AIM. IHT chargeable on most AIM shares will now be set at a rate of 20%, half the potential 40% benefit that was previously available.

4 weeks ago | moneymarketing.co.uk | Rob Burdett |Steven D. Levin |Momodou Musa Touray |Darius McQuaid

As another quarter draws to a close, attention turns to the assets that soared and those that stumbled. Among the standout performers was the seemingly weighty and unwieldy gold, which rose 19% in USD terms — its best quarterly gain since 1986. In contrast, Bitcoin, often dubbed ‘digital gold’, fell more than 12%. With headlines dominated by tariffs, conflict zones, DeepSeek’s AI launch and the Magnificent Seven slipping into bear territory, perhaps gold’s tangible solidity offered some comfort.

1 month ago | moneymarketing.co.uk | Andy Bell |Scott Spencer |Steven D. Levin |Darius McQuaid

I’m writing this Isa article to distract myself from the looming drama of the Grand National. This year marks a milestone – our first ever runner in the big race. And while the nerves are mostly about ensuring he gets around safely, I’ll admit there’s the occasional daydream about a fairytale ending. Still, deep down, I know how this will end: with hope turning to disappointment.

Feb 7, 2025 | moneymarketing.co.uk | Tom Browne |Greg Neall |Majid Hussain |Steven D. Levin

Nearly 20,000 financial promotions were withdrawn or amended in 2024 following intervention by the Financial Conduct Authority (FCA). This was almost double the number from the previous year. The FCA raised concerns over promotions related to cryptoassets, debt solutions and claims management companies (CMCs). A significant number of withdrawn promotions (9,197 in total) were linked to CMCs, many involving housing disrepair and motor-finance claims targeting vulnerable consumers.