Aberdeen Asset Managers has won the contract to run Guinness Flight Venture Capital Trust. Neil MacFadyen, investment director – growth capital, will be the lead manager.
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Jenkins becomes head of Japanese equities at F&C
F&C has appointed Jamie Jenkins as head of Japanese equities reporting to Mike Hanbury-Williams, head of Pacific equities.Jenkins will be responsible for delivering consistent out performance across F&C’s Japanese equity products.Mark Perrin has been transferred across from the Asia desk where he worked as an analyst for three years and will now report to Jenkins […]
PTA U-turn has damaged industry’s reputation
The Chancellor’s U-turn on pension term assurance was a “total botch” which is damaging the advice, life and pensions industries and has forced an extra cost burden onto IFAs says Positive Solutions. IFA’s are bearing the brunt following the withdrawal of tax relief on stand-alone says Positive Solutions which had nearly 1,000 policies in the […]
PMS to extend offering to mortgage industry
Bankhall’s Premier Mortgage Service is launching a proposition to the mortgage market offering full aggregation of the mortgage club plus compliance and new protection panels. PMS says the new service will compete head to head with the existing mortgage networks and will be underpinned by a bespoke IT platform offering members the benefit of a […]
Beringea treads proven path
Venture capital specialist Beringea is aiming to raise up to £15m for the Proven venture capital trust through a C share issue.
What is the maximum ‘safe withdrawal rate’ of income in retirement?
Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. This has presented risks to both individuals and their advisers. In this article the risks are explained – and, importantly, strategies are presented that could help mitigate them. Read this article
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FSCS to pay back 2,700 clients of collapsed DFM Beaufort
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Profile: Fiducia on really knowing your clients
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
FCA warns over advisers giving ‘inadequate information’ to DB transfer specialists
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]
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