Personal equity plans: a positive approach
Article Abstract:
The British Finance Act of 1986 created personal equity plans (PEPs), which allow individuals to invest in United Kingdom corporations listed on public stock exchanges or the unlisted securities market through approved investment management firms and not be taxed for their returns on such investments. Intended to promote the financing of domestic firms, PEPs have so far been used primarily as loss leaders by unit trust management firms and clearing banks. Rules governing qualification of investments as PEPs, interest earned on such investments, withdrawal from PEPs, and the auditing and reporting of PEP activity are discussed, as are the general definitions, conditions, cash holding practices, and death benefits related to PEPs. The qualifications for becoming a PEP investment management firm are also detailed.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1987
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Stockbroking: a profession in crisis
Article Abstract:
The stockbroking profession in the UK is in a state of crisis due to the abolition of fixed commissions. The implementation of negotiated commissions changed the economic environment and should have led to a reformulation of management strategies, which did not occur. However, the survival of stockbrokers will depend on affecting changes in many areas. Stockbrokers traditionally have been weak in the area of management, but to enhance their competitiveness they must identify those niches in which they can confidently operate profitability and abandon fringe activities. The activities that are focused on should be managed and marketed separately. Firms must concentrate on the motivation of staff, on the structuring of staff and bureaucracy, and on reducing costs in order to maximize their profitability.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1990
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Portfolio Manager
Article Abstract:
The Portfolio Manager by Lsd Software is designed for individuals involved in professionally managing investments. Portfolio Manager covers such functions as: providing historical data; updating portfolio information; and recording portfolio transactions. The system is very user friendly and has extensive reporting facilities, however it runs slowly. The system operates on IBM personal computers (PCs) or compatibles and runs on PC-DOS-MS-DOS. Speed can be improved by using 286- or 386-based PCs.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1989
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