The FSA has fined Select Mortgage Services £10,500 for poor financial promotions, inadequate sales processes and inappropriate systems and controls to manage its business.
Paul Kennedy, director of trusts & tax planning solutions at FundsNetwork, sets out the calculations that need to be made on discounted gift trusts
Amber Homeloans’ “china dolls” are setting off on a march across sections of the Great Wall. The team, from left, are Laura Tudgey, Carla Weatherall, Sarah Brewer and Gail Lloyd. They are braving the walk at an average altitude of 738 metres and have already raised more than £13,000 for their chosen charities.
Rensburg and Skandia’s UK best ideas vehicles have recorded top-quartile performance since their launches in autumn 2006.Rensburg’s UK manager focus trust reached its one-year mark on Tuesday, with the portfolio 28th out of 281 funds in the UK All Companies sector since launch, while Skandia’s version is 22nd out of 283 since its launch in […]
The RDR shows the FSA’s flawed thinking on raising industry standards
Despite the surprises the market always springs on investors, for the Loomis Sayles US Equity Leaders Fund, macro events are not a factor in its own decision making.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]