Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, says the financial market has experienced the ‘Marching Band Effect’ over the past few years, with the various elements moving to left and right together and feeling the risks as one, making the effect more dynamic.
The FCA has fined CT Capital £2.4m for serious failings in its treatment of payment protection insurance complaints. CT Capital was the parent company of a group of lenders and loan brokers and sold around 31,000 PPI policies between 2005 and 2008. It received £63m in commission as a result. However, the regulator says the […]
Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]
Survey reveals three-fifths of people with potential inheritance tax bill unaware their estate may be liable for IHT Over half don’t know that IHT rate is charged at 40 per cent Record HMRC tax receipts show that families are losing out due to lack of knowledge 78 per cent believe wealth should stay in the hands of […]
In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. 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 and investors may not […]
Members of the Personal Finance Society can now mentor and be mentored by other members from anywhere in the world on a platform called Connect launched today. The tool was built to promote professional development and learning for personal finance professionals at any stage of their careers. The industry body says mentorship can be undertaken […]
Robo-advice platform Wealth Wizards has appointed ex-managing director of digital consultancy Accenture as chairman. Scanes Bentley has served as non-executive director at Wealth Wizards since 2017. He was managing director at Accenture between 2012 and 2014. The company said in a statement: “As a former partner and managing director of both the financial services and […]
Succession planning continues to dominate the minds of advice firm owners. How to we ensure clients stay looked after when the heads of the firm leave? Having reached around 80 staff, Paradigm Norton, the financial planning firm with offices in Bristol, London and Torquay, has felt this pressure as acutely as any other. This week, […]