News & Views

Spring Budget 2024: UK ISA announced

8 March 2024 — Facing an upcoming election and a fragile UK economic climate, the Chancellor of the Exchequer was challenged with crafting a Spring Budget that balanced voter appeal with a perception of responsible fiscal management.   Therefore, while the tax landscape is set to be altered significantly, the government took no chances with a budget that is expected to do little to change the fundamental economic picture.   The list of tax reforms started with a further 2p cut to National Insurance contributions, marking one of the largest individual tax reductions in UK history. Additionally, the non-domiciled resident “non-dom” tax regime is to be replaced with a new system, while adjustments to the child benefit system will see the High-Income Child Benefit Charge threshold lifted.

Chelsea research team makes changes to Chelsea Selection

16 February 2024 – Chelsea’s research team has made a number of changes to its Chelsea Selection[assets/Documents-and-Guides/Viewpoint/Issue-57/Viewpoint-57-Selection.pdf].

Alex Savvides announced as replacement on Jupiter UK Special Situations

12 January 2024 — It was announced that Ben Whitmore, manager of Jupiter UK Special Situations fund, will be leaving to pursue his own venture. Jupiter have named Alex Savvides as his successor on the flagship fund. Alex has spent his entire investment career at JO Hambro Capital Management (JOHCM), managing the £1.2bn JOHCM UK Dynamic fund.

Columbia Threadneedle announces plans to close UK Extended Alpha fund

14 December 2023 — Columbia Threadneedle announced that it plans to close the CT UK Extended Alpha fund.

UK Income veteran Adrian Gosden joins Jupiter to take over flagship Income Trust

21 November 2023 - Jupiter Asset Management has recruited GAM’s Adrian Gosden and Chris Morrison to join the company, bringing with them their co-managed UK Equity Income fund. The pair, who join in 2024, will also take on the management of the £1.5bn Jupiter Income Trust, which has been managed by Ben Whitmore for the past decade.

Our news and views pages are designed to keep you up-to-date with all the latest fund news. From fund manager changes or fund closures, to in-depth interviews with managers from the Chelsea Selection and blogs from the Chelsea research team.