Asset management firm Schroders topped expectations with its 2011 results, even as assets under management (AUM) took a dive.
Profit before tax rose to £407.3m in 2011 from £406.9m, ahead of market expectations of a figure of £401m. Earnings per share (EPS) came in at 115.9p, versus the consensus market forecast of 108.9p, and up from 111.8p the year before.
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
