More capital gains tax is paid in one neighbourhood in Kensington than in Liverpool, Manchester and Newcastle combined, a new report has uncovered.

Wealth manager and private bank Coutts is to relaunch its private office for UHNW clients under the new brand Coutts Family Office (CFO).

Nearly half of wealthier investors will keep their portfolio’s exposure to stocks over the next six month and 37% plan to invest more, according to a new survey of global investors.

The death of the private pension may have begun, a chief executive believes, as figures released this morning suggested wealthy investors have been ‘shunning’ them in favour of equity ISAs.