Only 30 per cent of the public intend to use their Isa allowance compared with 71 per cent of active investors, says the Association of Investment Companies’ investor confidence index. It says 37 per cent of active investors think a recession is the biggest threat to their finances.
Veteran fund manager Nils Taube has died at the age of 79 following a stroke.Taube was the longest-serving fund manager in the UK, having run retail and institutional funds since 1969 when he took over the St James’s Place greater European progressive trust.He was born in Estonia in 1928. Taube moved to the UK in […]
Well, for those of you who thought Gordon Brown’s last Budget delivery was boring, the latest Chancellor took us to subterranean levels.
Axa Advisory Holdings has announced that its offer to purchase SBJ Group has successfully completed following acceptance by over 90 per cent of the shareholders of the group.The offer is now unconditional in all respects but will remain open for additional acceptances until further notice.The deal has also received FSA approval, allowing Axa to take […]
Former Torquil Clark Life Insurance directors Jason King and Simon Platt are looking to launch an online protection brokerage by the end of the summer.The pair left Torquil Clark in August last year, two years after it acquired Life Policies Direct, which they founded in 1999.The online brokerage will provide advice and quotations as well […]
The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes
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- Top trends
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- Lifetime allowance 2018/19 increase confirmed but pensions absent
- ATS staff departures continue as platform commits to improved adviser experience
- SJP trainee adviser banned and fined for faking qualifications
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]