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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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]