Money Marketing
11 June 2008
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Alliance & Leicester - Three Year Fixed Fee Saver
13 Jun 2008
Alliance & LeicesterThree Year Fixed Fee Saver
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Banks back B&B rights issue
12 Jun 2008
Barclays, HBOS, HSBC, Lloyds TSB and Royal Bank of Scotland are each thought to have agreed to provide £20m of sub-underwriting to the Bradford & Bingley rights issue after discussions with the FSA amid concerns the rights issue could fail.
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Pushing back frontiers
12 Jun 2008
Emerging markets seem to have received more attention recently, due in no small part to their strong performance, but overall allocation remains lighter than perhaps it should be.
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Treasury seeks valuer for Rock
12 Jun 2008
The Treasury is advertising for an independent valuer to assess any compensation that may be due to Northern Rock shareholders after its nationalisation in February. Closing date for applications is July 4.
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A shaw thing
12 Jun 2008
Annie Shaw is a freelance financial journalist
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A&L must try harder
16 Jun 2008
Alliance & LeicesterFive-Year Fixed Rate
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ABI is not on the same page as its members
17 Jun 2008
Many Association of British Insurers' members are confused that the body tasked with representing their views has come out saying something quite the opposite.
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Adviser facing fraud charges
12 Jun 2008
An Isle of Wight IFA is facing eight charges of obtaining by deception and false accounting after a former business partner in an offshore prop-erty investment company reported him to the police.
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AIFA appoints ex-IFA Andrew Strange as policy director
16 Jun 2008
The Association of Independent Financial Advisers has today announced the appointment of Andrew Strange to the new position of policy director.
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AIMA responds to FSA consultation on fund of hedge funds
12 Jun 2008
The Alternative Investment Management Association has called on the FSA to reconsider a number of positions in a bid to create a regulatory environment for FAIFs.
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Alive and kick-out
12 Jun 2008
Lehman Brothers International has produced an ingenious new plan called the kick-out perfor-mance plan which pays out 19.5 per cent for each year that the plan is active.
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Alliance & Leicester - Two-Year Base Rate Tracker
13 Jun 2008
Alliance & LeicesterTwo-Year Base Rate Tracker
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Alliance & Leicester - Two-Year Base Rate Tracker
13 Jun 2008
Alliance & LeicesterTwo-Year Base Rate Tracker
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AMI says FSA will not be introducing disclosure regulation
16 Jun 2008
The Association of Mortgage Intermediaries says the FSA has confirmed it will not be introducing new regulation regarding disclosure requirements.
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Anchors aweigh
12 Jun 2008
This year's PIMS conference was a strange mixture of optimism and pessimism. Overall, IFAs are happy with what is happening in regulation. There may even be signs that the top-enders - chartered and certified planners - are coming round to the idea of RDR Mark II. They did, of course, approve of RDR mark one but one planner on board the Arcadia last week said they had decided, on reflection, that the first version was too harsh and would have driven too many advisers - and not necessarily ...
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Andrew Fleming
12 Jun 2008
Aegon Asset Management is most commonly associated with bonds but its equity and ethical funds are also getting a lot of attention. The firm was recently named by Lipper as best overall group in the large UK equity category and its UK growth fund and UK ethical funds both scooped their sectors in the recent Money Observer awards.
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APC service offers commercial quotes
12 Jun 2008
APC Underwriting has set up APC Alliance, a network that enables mortgage brokers and IFAs to place insurance for commercial clients. APC Alliance says introducers can get a quote within an hour.
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Arc Capital & Income - Arc Fixed Income Plan 6
13 Jun 2008
Arc Capital & IncomeArc Fixed Income Plan 6
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Ascentric adds business managers
12 Jun 2008
Wrap firm Ascentric is hiring two new business development managers. John Braybrook and Ian Beardow will provide IFA support across Wales and the South.
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Ascentric adds two new fund managers to wrap
17 Jun 2008
Ascentric has added Stenham Asset Management and MFS Investment Management to its list of fund managers.
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Ascentric appoints two new staff in ongoing recruitment drive
11 Jun 2008
Ascentric has appointed two new IFA-facing staff with further recruits to join in the coming months.
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AWD Chase de Vere to recruit 30 IFAs
16 Jun 2008
AWD Chase de Vere will appoint 30 IFAs to its offices in Birmingham, Manchester, Newcastle, Edinburgh, Glasgow, Cardiff and Belfast.
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Axa buys into Korean fund firm
12 Jun 2008
Axa Investment Management has bought a 50 per cent stake in Korea's seventh-biggest asset manager, Kyobo ITMC.
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Bad news is good news for Schroders
12 Jun 2008
Schroders' multi-manager team is increasing exposure to equities and switching out of gilts in favour of corporate bonds.
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Balancing act from SVM
16 Jun 2008
SVM Asset ManagementSVM Balanced Managed Fund
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Barclays adds East Europe
12 Jun 2008
Barclays Wealth has widened its emerging markets optimiser investment with the launch of an Eastern European option.
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Barclays confirms it is looking at raising capital
16 Jun 2008
Barclays has confirmed that it is looking at issuing new equity by selling shares.
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Barclays Wealth - Defined Returns Plan - Issue Y8 Annual Kick-Out
13 Jun 2008
Barclays WealthDefined Returns Plan - Issue Y8 Annual Kick-Out
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Barratt shares dive 42 per cent
12 Jun 2008
Housebuilder Barratt Developments saw its shares fall 42 per cent yesterday as the liquidity squeeze continues to hit the building sector.
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Big names reappear
13 Jun 2008
This week has seen two big names in the mortgage market reappear, proving that there is still life in the UK mortgage sector yet.
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Bill Mott's triple vision
12 Jun 2008
I have, over the last few months, noticed some carping over the performance of Bill Mott's PSigma income fund.
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BlackRock brings long-short strategy to Throgmorton
12 Jun 2008
BlackRock is to replace Axa Framlington as manager of Throgmorton investment trust.
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BlackRock is all-round performer
12 Jun 2008
Following last month's rebalancing of the Adviser Fund Indices, the £1bn BlackRock UK absolute alpha fund has hit the top spot in terms of number of occurrences.
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Brokers banned in mortgage crackdown
12 Jun 2008
The FSA has banned four mortgage brokers and fined another in the last week as part of its crackdown on mortgage fraud.
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Brokers boost share despite dual-pricing
12 Jun 2008
Premier Mortgage Service managing director John Malone says brokers have increased their market share among major lenders this year despite the credit crunch and dual-pricing.
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BSA to hire seven staff to expand representation
12 Jun 2008
The Building Societies Association will be recruiting seven additional members of staff to its team in the second half of 2008 in a bid to expand its representation.
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Businesses pessimistic about their prospects
16 Jun 2008
British businesses are increasingly pessimistic about how they will fare in the coming year, according to Lloyds TSB.
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Buy to Let in the Pink
16 Jun 2008
Pink Home LoansBank of Ireland Mortgages Three-Year Fixed Buy-to-Let
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Canada Life boosts tax planning range
13 Jun 2008
Canada Life International has expended its range of tax planning products with the launch of the dimensions preference discounted trust plan.
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Canada Life creates investment planner portfolio funds
13 Jun 2008
Canada Life has established four risk-graded portfolio funds based on the most popular risk profiles of its investment planner tool.
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Canada Life International - Dimensions Preference Discounted Trust Plan
13 Jun 2008
Canada Life InternationalDimensions Preference Discounted Trust Plan
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Carry back capital gains with EIS
12 Jun 2008
Tax Briefs managing director Danby Bloch told PIMS delegates that investors can make substantial capital gains tax savings by using the Enterprise Investment Scheme carryback facility.
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Carsberg Review says letting agencies should be regulated
16 Jun 2008
Sir Bryan Carsberg has today recommended in the Carsberg Review of Residential Property that a regulatory body is established to regulate letting agencies.
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Changes for the big two
11 Jun 2008
This week the two leading investment firms in the UK announced major changes to their teams, with one bringing a new name in and another replacing one on the way out.
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Chilton fears repossessions will be worse than 1990s
12 Jun 2008
Mortgage expert Mark Chilton is warning that arrears and repossessions in the UK housing market next year will be worse than in the early 1990s.
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Close Ventures pours £1.35m into energy performance certificate provider
13 Jun 2008
Close Ventures has poured £1.35m into energy performance certificate provider Vibrant Energy Surveys.
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CML sets out new conveyancing and valuation standards
11 Jun 2008
The Council of Mortgage Lenders is introducing new standards for industry professionals who act for lenders on newly-built property transactions.
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CML sets out strategy to help people in arrears
12 Jun 2008
The Council of Mortgage Lenders has written to Chancellor Alistair Darling outlining the actions being taken by lenders to minimise the effects of the credit crunch on borrowers.
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Combination unlocks IHT
12 Jun 2008
Advisers can use a combination of a guarantor mortgage and an offshore trust to sidestep inheritance tax, according to Fortress Management Services.
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Confusion over personal accounts contribution limit
13 Jun 2008
The Association of British Insurers and the Investment Management Association have written to Work and Pensions Minister James Purnell for clarification about the annual contribution limit for personal accounts.
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Court of Appeal rules FOS fees are not unfair
11 Jun 2008
The Court of Appeal has rejected a recent County Court judgement which declared it unfair for advisers to pay a Financial Ombudsman Service case fee if they were found innocent.
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Crude for thought
12 Jun 2008
We have enjoyed a fantastically profitable run from our "energy" theme in recent months but we have called time on this bet and taken profits.
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Crunch time approaching for NU's Lifetime wrap
13 Jun 2008
The future of Norwich Union’s Lifetime wrap could be decided in weeks, Money Marketing understands.
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Curtains to close on Kilminster
16 Jun 2008
A meeting in Bristol may spell the end of the Kilminster Financial Management network, which could go into liquidation next month.
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Dampier slams Skandia change of ideas
12 Jun 2008
Hargreaves Lansdown head of research Mark Dampier has rounded on Skandia Investment Management following its decision to replace Aberdeen's Hugh Young on its global best ideas fund.
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Data blank
12 Jun 2008
Elizabeth I got upset about the problems caused by shoddy wording of legal documents, when she was adjudicating over a dispute over whether "months" should be taken to mean calendar or lunar ones. "There must be no room for ambiguity", she said. "Ye must say exactly what ye means."
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Dawnay Day Quantum - Protected Commodities Accelerator X
13 Jun 2008
Dawnay Day QuantumProtected Commodities Accelerator X
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Dawnay Day Quantum - Protected Commodities Dynamo II
13 Jun 2008
Dawnay Day QuantumProtected Commodities Dynamo II
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Debt reckoning
12 Jun 2008
You can do anything with figures to put a gloss on a situation or to make something look stupid. For example, even if Derby County had got 28 points a win, they would still have been relegated.
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Deutsche Bank - db x-trackers US Dollar Money Market ETF
13 Jun 2008
Deutsche Bankdb x-trackers US Dollar Money Market ETF
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Discontent grows over with-profits
12 Jun 2008
Discontent among with-profits policyholders over the performance of their investments is increasing, according to the annual survey by Managing Partners Limited.
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'Don't let banks change the definition of advice'
12 Jun 2008
Aifa director general Chris Cummings has warned that banks must not be allowed to use different terminology to dodge some of the implications of the retail distribution review.
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Downgrade for 'exposed' Standard
12 Jun 2008
Standard Life was downgraded to a sell last week by a Deutsche Bank analyst who called it one of the most exposed stocks in a deteriorating UK economy. The analyst's note warned of "continuing start-up losses on the wrap platform".
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Dragon breathes fire over stifling of business ideas
12 Jun 2008
Former Dragons' Den investor James Caan told a PIMS audience that there is a lack of "intrapreneurship" in British business.
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Engaged tone
12 Jun 2008
As many got their sea legs on board PIMS, I headed for Italy and the EFPA conference, where I was speaking.
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Euro income dream team for Invesco
13 Jun 2008
Invesco Perpetual has established a European fund that aims for income and growth by investing in equities and fixed interest securities.
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F&C appoints Paul Carne
16 Jun 2008
F&C has bolstered its multi-manager team with the appointment of Paul Carne as a fund manager.
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Fall in company liquidity to stop MPC hiking rates, says New Star
12 Jun 2008
New Star chief economist Simon Ward says a deterioration in company liquidity is likely to prevent the MPC from hiking rates this summer.
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'Fed trying to revive alcoholic with whisky'
12 Jun 2008
A leading economist has slammed the US Federal Reserve's tactics of pumping liquidity into the money markets and its partial bailout of Bear Stearns.
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Fees on fixed rate mortgages have rocketed, says Moneyexpert.com
12 Jun 2008
There has been a dramatic increase in the number of fixed rate mortgages with fees above £750 since the credit crunch took hold, says Moneyexpert.com.
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Fighting change to defend vested interests
12 Jun 2008
Axa chief executive Paul Evans epitomises those who really are reluctant to change and prefer instead to defend their vested interests.
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Firms come under Sanlam umbrella
12 Jun 2008
Sanlam has consolidated its UK businesses under the Sanlam UK label for reporting purposes. It owns Merchant Investors Assurance and Sanlam Multi Manager International, has majority stakes in IFA Buckles Holdings and investment firm Principal Holdings as well as minority stakes in Intrinsic, Nucleus and Punter Southhall Group.
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Firms failing fair contract test, says FSA
12 Jun 2008
FSA research has revealed that around half of adviser firms are failing treating customers fairly rules in the way that they draft contract terms for clients.
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Force bank 'advisers' to reveal true colours
12 Jun 2008
It seems almost incredible that people like the chief executive of Axa Sun Life are still trying to fudge the basic and fundamental criteria that differentiate salespeople, that is, tied and multi-tied agents of a provider or of a small selection of providers, from true advisers.
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FSA acts to close landbank scheme
12 Jun 2008
The FSA has asked the HIgh Court to wind up landbanking company UKLI for operating as an illegal collective investment scheme.
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FSA bolsters institutional unit
12 Jun 2008
The FSA has appointed Jeremy Bennett, David Smith and Simon Stockwell as senior advisers in the wholesale and institutional business unit.
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FSA can't give timescale for RDR transition
12 Jun 2008
The FSA says the timescale to conform with the retail distribution review will depend on the final shape of the regulations.
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FSA fines Woolworths for inside information failing
12 Jun 2008
The FSA has fined Woolworths Group plc £350,000 for failing to immediately disclose information concerning its share price to the market.
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FSA issues first fine to stockbroker for weak data security controls
17 Jun 2008
The FSA has fined Merchant Securities Group Limited £77,000 for not adequately protecting its customers from the risk of identity fraud.
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FSA launches disclosure rules for short selling in company rights issues
13 Jun 2008
The FSA has launched new disclosure requirements to prevent market abuse through short selling positions in companies conducting rights issues.
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Gale to be COO at Just Retirement
12 Jun 2008
Just Retirement has appointed ex-Sesame chief executive Patrick Gale as chief operating officer.
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Government offers energy grant to corporate landlords
16 Jun 2008
The Government is to grant corporate landlords an allowance for energy-saving improvements made to their properties.
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Govt announces creation of international centre for financial regulation
12 Jun 2008
Economic Secretary and City Minister Kitty Usher has announced a new International Centre for Financial Regulation, an independent, industry-led project which will officially launch at the end of the year.
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Growth will reach 17 year low in 2009 says CBI
16 Jun 2008
The CBI expects next year's GDP growth to reach a 17 year low.
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Guide and seek
12 Jun 2008
A couple of weeks ago, a firm I have dealt with before decided that it wanted to offer its staff a series of free "educational lectures", in company time, on a wide range of one-off topics.
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High-charge funds fail to perform
12 Jun 2008
Over half of all funds with annual management charges of 1.75 per cent or more have underperformed in the past three years.
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Husselbee fudn leads the Way
16 Jun 2008
The Way GroupWay MA Cautious Portfolio Fund
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IFA looks to help landbank victims
12 Jun 2008
An IFA is hoping to represent the interests of 4,500 people who invested £69m in the landbanking firm put into administration last week.
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IFAP calls for FSA to act on net sponsored links
12 Jun 2008
IFA Promotion is calling on the FSA to stamp out misleading financial services advertising through sponsored links on internet search engines.
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IMA calls for no delays for single market reforms
13 Jun 2008
The Investment Management Association believes Europe should not delay its introduction of single market reforms despite a rejection from Ireland on the European treaty.
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Inflation hits 3.3 per cent
17 Jun 2008
Bank of England governor Mervyn King has written to Chancellor Alistair Darling after Office for National Statistics figures show inflation hit 3.3 per cent last month, far above the 2 per cent target.
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Inflation letter looming as inflation keeps grip on bank base rate
12 Jun 2008
The Bank of England's monetary policy committee held base rate at 5 per cent last week amid inflation concerns.
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Ingenious focuses on stockpicking skills
12 Jun 2008
Ingenious Asset Management is increasing its efforts get on the IFA radar but says it is steering clear of marketing-led multi-manager fund launches.
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Ingenious rolls out best ideas with a twist
16 Jun 2008
Ingenious Asset ManagementUK Equity Fund
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Insynergi announces Compliance Co-operative services
17 Jun 2008
The Compliance Co-operative is set to offer a tailored framework of compliance to mortgage, loan and general insurance intermediary firms, according to founding company Insynergi.
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Invesco new generation moves in as Burke steps down
12 Jun 2008
Invesco Perpetual UK growth and UK aggressive fund manager Ed Burke is stepping down from day-to-day fund management to take early retirement.
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Invesco Perpetual - European High Income Fund
13 Jun 2008
Invesco PerpetualEuropean High Income Fund
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'Investors need hedge guidance'
12 Jun 2008
Cazenove head of multi-manager Marcus Brookes says the FSA must ensure retail investors have appropriate guidance if they are given full access to hedge funds.
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It's no yolk
12 Jun 2008
Readers may recall Edwina Currie's faux pas that all eggs had potential to carry salmonella, after which much of the nation stopped buying eggs. The story lends itself to today's mortgage market and the experiences of four lenders are worth looking at for signs of abdominal angst.
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JO Hambro poaches Nudgem Richyal from Barings
11 Jun 2008
JO Hambro Capital Management is appointing Nudgem Richyal to co-manage its new global and EAFE strategies.
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John Charcol hits out at Abbey's non-refundable booking fee
11 Jun 2008
John Charcol has hit out at Abbey for introducing a non-refundable booking fee of £150 on its mortgage range and warns that more lenders may follow.
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JPMorgan Asset Management - JPM Emerging Markets Infrastructure Equity Fund
13 Jun 2008
JPMorgan Asset ManagementJPM Emerging Markets Infrastructure Equity Fund
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Jupiter launches new bond strategy
13 Jun 2008
Jupiter Asset Management has established a bond fund that can invest anywhere within global fixed interest markets to find the best opportunities.
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Kensington to cut up to 75 jobs
16 Jun 2008
Kensington has told staff today that up to 75 jobs could be at risk of redundancy.
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Kicking out in all weathers
16 Jun 2008
IFA Investment SolutionsAll-Weather Kick-Out Plan
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Kilminster Financial Management set for liquidation
12 Jun 2008
The Kilminster Financial Management network looks set to go into liquidation.
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King may write inflation letter next week, says New Star
13 Jun 2008
New Star chief economist Simon Ward believes Bank of England governor Mervyn King could have to write a letter to the Chancellor next week over inflation.
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Klahr to retire at Old Mutual
12 Jun 2008
Old Mutual extra income fund manager Leonard Klahr is to retire next March. He will be replaced by Michael Gifford who becomes joint manager at the end of June.
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Leading potential from Nationwide
16 Jun 2008
NationwideTwo-Year Fixed With Fee
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Lenders aiming to improve management of arrears
12 Jun 2008
Lenders are planning to increase their debt management resources after a rise in mortgage arrears.
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Lenders bring up the arrears
12 Jun 2008
Lenders look set to increase their debt management resources following a a surge in the number of borrowers in arrears.
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Lending up for April due to remortgaging says CML
12 Jun 2008
Lending volumes increased by 8 per cent in April, to £26.1bn from £24.1bn in March, although activity remains weaker than a year ago, according to the Council of Mortgage Lenders.
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Less pain on gains
12 Jun 2008
Last week, I looked at offshore trusts and the tax treatment of income arising under them and remitted from them when the settlor is a UK-resident non-UK domiciliary. I would now like to look at the matter of trust gains and how the new legislation relevant for non-domiciliaries operates.
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Letter opened up controversy
12 Jun 2008
Premier Mortgage Service managing director John Malone says he stands by the statements made by his firm and six other major mortgage distributors in an open letter in April.
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Libor lesson
12 Jun 2008
Is it treating customers fairly when mortgage lenders price tracker rates at very high levels because of the current high levels of Libor? Isn't the whole point of tracker rates that they reflect the Bank of England's base rate rather than the lenders' discounted variable rates? Which lenders were quick to put mortgage rates up when rates went up but slow to reduce them when they travelled lower?
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Lighthouse appoints Alex Scott-Barrett as non-executive director
16 Jun 2008
Lighthouse Group has announced the appointment of Alex Scott-Barrett as a non-executive director, effective immediately.
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Lloyds TSB referral loan deal with Rock
12 Jun 2008
Lloyds TSB has linked up with Northern Rock for a three-year deal for borrowers coming to the end of fixed-rate mortgages.
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LV= - Mortgage & Lifestyle Protection
13 Jun 2008
LV=Mortgage & Lifestyle Protection
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LV= picks Falle for Euro equities
12 Jun 2008
LV= Asset Management has recruited Richard Falle as its new principal European equity fund manager.
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Material evidence
12 Jun 2008
IFAs routinely assist their clients to fill out proposal forms but there are particular dangers in relation to insurance products. What are the risks and what can the IFA do to avoid them becoming a reality?
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Meteor Asset Management - Property Income Plan
13 Jun 2008
Meteor Asset ManagementProperty Income Plan
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Meteor Asset Management - Property Recovery Bond
13 Jun 2008
Meteor Asset ManagementProperty Recovery Bond
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Meteor links to property index
16 Jun 2008
Meteor Asset ManagementProperty Income Plan
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MetLife - MetLife Aggressive Index Portfolio
13 Jun 2008
MetLifeMetLife Aggressive Index Portfolio
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MetLife - MetLife Balanced Index Portfolio
13 Jun 2008
MetLifeMetLife Balanced Index Portfolio
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MetLife - MetLife Cautious Index Portfolio
13 Jun 2008
MetLifeMetLife Cautious Index Portfolio
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MetLife - MetLife Conservative Index Portfolio
13 Jun 2008
MetLifeMetLife Conservative Index Portfolio
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MetLife - MetLife Defensive Index Portfolio
13 Jun 2008
MetLifeMetLife Defensive Index Portfolio
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Midlands IFA Premier aims to expand and diversify
12 Jun 2008
Midlands-based IFA The Premier Group plans to recruit 15 to 20 extra consultants by the end of the year to diversify its business.
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Mixed messages
12 Jun 2008
Pundits continue to put out confusing messages about the state of the market and the outlook for the future.
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Money Partners limits distribution
13 Jun 2008
Money Partners is limiting direct access to its product range to a panel of twenty introducer partners as part of its new distribution strategy.
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Moratorium on genetic tests for insurance extended to 2014
13 Jun 2008
The Association of British Insurers has extended the moratorium enabling consumers to take out substantial amounts of insurance without having to disclose adverse results of predictive genetic tests has been extended to 2014.
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More outsourcing to come for financial services sector, says report
16 Jun 2008
Nearly half of financial services firms are planning to increase their outsourcing of operations, a survey by the Management Consultancies Association has found.
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MPs don't rate IFAs as "professionals"
16 Jun 2008
MPs are less likely to perceive the financial services sector as professional compared to other occupations, according to research conducted by the Chartered Insurance Institute.
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Nationwide - Two Year Fixed Rate No Fee
13 Jun 2008
NationwideTwo Year Fixed Rate No Fee
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Nationwide fixes for remortgage
16 Jun 2008
NationwideTwo Year Fixed Rate Remortgage - No Fee
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Nationwide set for shared equity
12 Jun 2008
Nationwide has confirmed it will offer a My Choice HomeBuy shared equity product from June 10. This is the Government's shared equity scheme launched on April 1 to replace the Open Market HomeBuy scheme.
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NDFA - Regular Fixed Income Plan June 08
13 Jun 2008
NDFARegular Fixed Income Plan June 08
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Negative returns for personal accounts
12 Jun 2008
Cazalet Consulting principal Ned Cazalet has attacked the Government's plans for pension personal accounts, claiming that if a product provider launched the scheme, it would be "fined to Kingdom Come" by the FSA.
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New online mortgage company launched
17 Jun 2008
A property investor has launched an online mortgage service with plans to create more than 40 jobs in the next 12 months.
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New Star - Indian Equity Fund
13 Jun 2008
New StarIndian Equity Fund
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New Star appoints Trevor Green to his managed distribution fund
13 Jun 2008
New Star has appointed Trevor Green to take on the management of the equity sleeve of its £460m managed distribution fund.
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New Star expands emerging markets range with India fund
13 Jun 2008
New Star has teamed up with Tata Mauritius, part of Indian asset management group Tata Asset Management, to expand its retail emerging markets range with the Indian equity fund.
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Niche little earner for Fitzwilliam fund
12 Jun 2008
BDO Stoy Hayward Asset Management believes its macro approach to asset allocation and focus on niche markets has helped the Fitzwilliam growth fund of hedge funds achieve top spot in a report aimed at pension funds.
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Northern Rock's rapid shrinkage could worsen credit crisis, says Ward
17 Jun 2008
The rapid shrinkage of Northern Rock’s mortgage book could significantly worsen the impact of the wider credit crisis, according to New Star chief economist Simon Ward.
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OFT launches study into Scottish property factoring
17 Jun 2008
The Office of Fair Trading has launched a market study into Scottish property factoring.
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Panel fears RDR will hit small firms
12 Jun 2008
The Smaller Businesses Practitioner Panel has warned that the retail distribution review may force some small firms out of business and push up regulatory fees.
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'Paraplanners can boost profitability'
12 Jun 2008
Adviser firms have been told to increase their use of paraplanners and support staff to become more profitable.
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Partnership £160m private equity deal
12 Jun 2008
Private equity firm Cinven has bought the majority holding in impaired annuity and long-term care provider Partnership Assurance in a deal that values the company at around £160m.
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Pensioners face harder struggle without advice
12 Jun 2008
People are more likely to face financial difficulties in retirement if they have never sought independent financial advice, according to research by MGM Advantage.
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Pink Home Loans - Abbey for Intermediaries Five-Year Fixed
13 Jun 2008
Pink Home LoansAbbey for Intermediaries Five-Year Fixed
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Pink Home Loans - Bank of Ireland Mortgages Three Year Fixed Buy-to-Let
13 Jun 2008
Pink Home LoansBank of Ireland Mortgages Three Year Fixed Buy-to-Let
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PMS hires former Edeus commercial director
17 Jun 2008
Premier Mortgage Service has appointed former Edeus commercial director Martin Reynolds as corporate manager.
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PPI ban could leave borrowers exposed
12 Jun 2008
The Competition Commission's proposed crackdown on sales of payment protection insurance could destroy the market and leave consumers without protection, warns the Association of British Insurers.
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Premier Asset Management - Global Diversified Strategic Risk Fund
13 Jun 2008
Premier Asset ManagementGlobal Diversified Strategic Risk Fund
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Premier creates fund for Jennings
13 Jun 2008
Premier Asset Management has established a global absolute return fund for its new recruit, Michael Jennings.
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Prove personal accounts are not the devil's pension
12 Jun 2008
For those mere mortals who have heard Ned Cazalet give a talk, brains hurting as they strain to follow his ideas, it would be quite possible to believe he is a words and ideas man. He is that, of course, but don't forget that his reputation and influence rely on his ability with numbers.
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Pump it up
12 Jun 2008
Consumers are being hammered by the effects of big increases in the price of oil. kate mallord assesses whether there are further rises already in the pipeline or if a rise in production and fall in demand next year will bring some respite
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Qualification quagmire
12 Jun 2008
Amid the relief at the RDR interim paper, one potential problem remains. It is clear that advisers are going to have to get more qualifications to around the level of the old AFPC.
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RDR can polish up IFAs' image
12 Jun 2008
The term IFA may be tarnished but consumers understand it and it can be reinvigorated by the retail distribution review, says Sifa.
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RDR should examine the value of independence
12 Jun 2008
I see that David Curley was amazed by the comments accurately attributed to me (Money Marketing, May 22).
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Regulator facing legal battle on RDR
12 Jun 2008
Cazalet Consulting principal Ned Cazalet believes that the FSA will face tough regulatory and legal barriers if it tries to carry through its planned differentiation between sales and advice.
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Relative values
12 Jun 2008
There is no doubt that this has been a challenging period for UK equities, particularly those which invest in smaller companies. Over the year to April 30, the total return for the FTSE 100 was -2 per cent compared with -19.3 per cent for the smaller companies market as measured by the Hoare Govett Smaller Companies index excluding investment trusts.
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Relief road blocked
12 Jun 2008
Advisers and consumers should be concerned at the news that HM Revenue & Customs is trying to reduce the time period for reclaiming overpaid tax from six years to four.
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Revolutionary MPPI plan from LV=
13 Jun 2008
LV= has introduced a mortgage payment protection insurance plan that differs from traditional policies by providing an option for living expenses cover and not restricting the benefit payment period.
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Rising hopes
12 Jun 2008
Japan has had several false dawns but multi-managers are starting to see some value in the world's second-biggest economy, with the Topix index rising by 12 per cent in April.
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Sanderson leaves M&G real estate
12 Jun 2008
M&G global real estate securities fund manager Ben Sanderson has left and will be replaced in the interim by Richard O'Connor who has been at the firm since 2003.
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Santander to merge Hay and Cater Allen
12 Jun 2008
Santander plans to merge James Hay, Cater Allen and Abbey Sharedealing under the Santander Private Banking brand within the next two years.
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Scottish Re sells international arm
12 Jun 2008
Scottish Re's international arm has been sold to Pacific Life for £71.2m. The operation, to be rebranded Pacific Life Re, will provide reinsurance to insurance and annuity providers in the UK and Ireland as well as insurers in parts of Asia.
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Secure option from Metlife
13 Jun 2008
Metlife has established a range of capital-protected funds of funds for investors in its trustee investment plan and investment bond.
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Seeds of change
12 Jun 2008
Last week we had a lesson on how not to manage a fund-raising exercise from Bradford & Bingley. As the week progressed, worries migrated from the direct effects of the credit crunch to the indirect results. Fears of the consequences of tighter lending conditions, not to mention the effects of higher fuel and food costs on consumers, drove the FTSE back below 6,000.
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SEI warns wealth managers must change their business models
11 Jun 2008
Wealth management organisations need to transform their business models in order to capitalise on the wealth market in the current economic conditions, according to SEI Investments.
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Seven UK funds after Midas-Miton merger
12 Jun 2008
Midas Capital Partners has unveiled its range of seven UK funds following the acquisition of iimiaMitonOptimal in March.
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Shaughnessy to fill Wastcoat's role at Fidelity
11 Jun 2008
Fidelity International has appointed Prudential managing director of UK retail life and pensions Gary Shaughnessy as the group’s new UK retail managing director.
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Shaughnessy to fill Wastcoat's role at Fidelity
12 Jun 2008
Fidelity International has appointed Prudential managing director of UK retail life and pensions Gary Shaughnessy as UK retail managing director.
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Signature tune
12 Jun 2008
There is a frustrating and muddling array of provider approa-ches to the subject of whether or not an application form for protection requires a signature. It is perhaps the most unnecessarily confusing aspect of completing a client's protection purchase.
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Simon takes helm at Assureweb
12 Jun 2008
Assureweb has promoted Andrew Simon to chief executive as part of a restructure of senior management.
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Sipp of the iceberg
12 Jun 2008
Research suggests that adviser knowledge of the Sipp rules has improved since the start of regulation last April but there are some key areas where confusion remains.
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Skandia International ties with Sarasin to offer AgiSar fund
17 Jun 2008
Skandia International has teamed up with Sarasin & Partners to offer its new AgiSar fund.
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Southern stars
12 Jun 2008
British investors have largely missed out on one of the world's great bull runs during the last five years - Latin America. Is it too late to invest in the region?
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Standard Life - Capital Protected Bond
13 Jun 2008
Standard LifeCapital Protected Bond
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Standard Life bond offers geared exposure
13 Jun 2008
Standard Life has introduced the capital protected bond, a FTSE 100 linked structured product providing growth at the end of the five-year term.
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Stroud & Swindon role for Will
12 Jun 2008
Former Accord Mortgages managing director Linda Will is to join Stroud & Swindon as sales and marketing director in July.
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Surveyors see 30-year low
12 Jun 2008
The average number of transactions per chartered surveyor last month was 17.4, the lowest figure since 1978, according to the Royal Institution of Chartered Surveyors.
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SVM Asset Management - SVM Balanced Managed Fund
13 Jun 2008
SVM Asset ManagementSVM Balanced Managed Fund
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SVM Asset Management - SVM Cautious Managed Fund
13 Jun 2008
SVM Asset ManagementSVM Cautious Managed Fund
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The Tories are back
12 Jun 2008
With Labour trailing in the opinion polls, it is looking a distinct possibility that there could be a Tory Government in the next few years.
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Tisa wants cash Isas to be default for Gateway
12 Jun 2008
The Tax Incentivised Savings Association is calling on the Government to make cash Isas the default option for funds maturing from Saving Gateway accounts.
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TMP rebrands as Modus
12 Jun 2008
The Mortgage Partnership has rebranded as Modus Mortgage Network, with 25 appointed representative firms and over 40 RIs.
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Treasury Asia takes on Skandia mandate
12 Jun 2008
Skandia Investment Group has appointed Treasury Asia Asset Management to run its 30m Asian mandate for its global best ideas fund.
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Trigold joins forces with Leadpoint
17 Jun 2008
Trigold and Leadpoint have joined forces so that Trigold users can source new business as well as close the deal directly from the system.
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Unite on the RDR
12 Jun 2008
It may be a statement of the obvious that Chris Cummings delivered to delegates at PIMS last week but it is true all the same.
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Will commodities come a cropper?
12 Jun 2008
Last month saw the launch of yet another commodities fund, this time from Investec, and another agriculture fund, from Barings. Is the rapid increase in the number of funds in these areas an indication that there is a soft commodities bubble or is there still a convincing argument for long-term investment?
