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Managers back UK plcs despite Brexit fears

Looking under the bonnet to see where the convictions of managers lie Sector definitions dictate that UK equity funds are required to have at least 80 per cent of total assets invested in UK-listed firms. There are, however, no limits on where their revenues originate. With the outcome of Brexit still largely unknown, it has […]

Continuum partners with North West IFA

National advice firm Continuum has merged with Cumbria-based IFA Gary Charlesworth. Continuum director Martin Brown says Charlesworth joins as a partner: “We do not acquire businesses, no money has changed hands.” “Gary has become partner in our business and brought his clients with him. As a partner he has a stake in Continuum, should any […]

FCA building FCA fees

FCA wins case against £1m fake forex investment scam

The FCA has won a case against a £1m unauthorised investment scheme. The High Court ruled last week that Xcore Capital Limited and Jonathan Chitty had taken at least £1m from investors, but only a small amount of the investors’ money was ever used for trading. Consumers gave money to Xcore in return for a […]

Iain Anderson: The secret to successful pensions policymaking

Pensions minister Guy Opperman has been meticulously planning for the introduction of a Pensions Bill in this year’s Queen’s Speech. He has consulted extensively, laying out plans for collective defined contribution schemes, defined benefit reform and consolidation, as well as the pensions dashboard. At a time of little domestic policymaking, the pensions industry appears to […]

File image of Welders at work in steel forge
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British Steel enters insolvency

British Steel is due to enter the insolvency process after the collapse of rescue talks between parent company Greybull Capital and the government. The move puts 5,000 jobs at risk and is the latest blow to the embattled industry. Reuters had previously reported multiple sources saying the £30m government loan requested had not materialised, placing […]

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Terry Smith steps aside from Emerging Equities trust

Terry Smith will step down from the Fundsmith Emerging Equities trust after five years running the vehicle. He will carry on as chief investment officer and will offer “advice and support” to the fund’s analysts, Michael O’Brien, who will become trusts’ portfolio manager, and Sandip Patodia, who has been promoted to assistant portfolio manager. The […]