Seven Investment Management has made its five multi-manager funds available through Selestia. The 7IM funds have pulled in £640m assets since launch.
The FSA has warned of the potential dangers for a ‘significant minority’ of consumers taking out interest-only mortgages without robust repayment strategies in place.The note of caution follows research conducted by the regulator to test how borrowers who have taken out such a mortgage intend to repay it and the extent to which these consumers […]
The IMA has given an enthusiastic welcome to the second Pensions White Paper’s announcement that it is to adopt a centrally administered model for the proposed system of NPSS Personal Accounts.
mform has appointed former Filofax chief executive Robin Field as a non-executive director. The Edinburgh-based mortgage company has been set up by a team of experts from the financial services market and received investment from a number of funds managed by leading UK fund manager Artemis. Field is currently chairman of Artemis Aim VCT and […]
The ABI has bowed to pre-ssure from Swiss Re and changed its statement of best practice on critical-illness insurance for two types of cancer.In light of medical evidence from Swiss Re which suggests that the two cancers may be malignant in some cases, the ABI has decided that the rare conditions will now be covered […]
In this short video, Peter Rutter, head of global equities at Royal London Asset Management, explains how he uses the company life cycle framework as part of his investment approach. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
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Tenet is looking to attract advisers from providers and banks with a new ‘business in a box’ solution. The network is vying for business from advisers who want to pursue the self-employed route in the simplest fashion. For example, the network will help the adviser set up their own limited company and provide loans for […]
The Financial Ombudsman Service has told Kingswood Financial Advisors to compensate a client over a Sipp investment in an unregulated Harlequin property fund. The case concerns Mr B’s complaints about the advice he received regarding two unregulated investments: one into a Harlequin property fund and the other into Green Oil. The ombudsman’s ruling relates to […]
A former Fidelity International female employee is claiming compensation against the asset manager following an alleged case of harassment from senior management, Money Marketing can reveal. The employee, who we will name Mrs A, and who used to be based at one of Fidelity’s offices in India, was sent an employment termination letter on 14 March […]