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AITC calls for split compensation

The AITC is urging split-cap managers to compensate investors who bought zeros without advice and outside of savings or share schemes as they cannot seek restitution through the Ombudsman. The AITC says the managers and professional advisers who made money from selling zeros should “consider their responsibilities” to investors who can only attempt restitution through the courts.


IFAs welcome end to uncertainty on polarisation rules

IFAs are welcoming the clarification given by the FSA&#39s statement on the future of the intermediary market. Wentworth Rose managing director Philip Rose says IFAs will now be able to plan their business strategy.Rose says: “It is good to see the FSA get its head around CP121 sat last. The most damaging part of all […]

London hit by house price falls…

November has seen the first fall in house prices this year to an average of £155,199 from £155,467 in October, according to property website Rightmove.It says the 0.2 per cent fall has mainly hit London properties, especially at the £750,000-plus end of the market, while prices elsewhere in the UK are mostly holding up well.Rightmove […]

Jupiter joint managing director resigns

Steve Glynn, joint managing director of Jupiter Unit Trust Managers, has resigned from the group to pursue other commercial interests.Glynn, who will serve no notice, had been with Jupiter for seven years. He will be replaced by Gordon Davidson, who is currently Northern sales director, with immediate effect.Glynn says: “It&#39s been a tremendous seven years […]

SLI launches UK opportunities fund

Standard Life Investments is this week launching a UK opportunities fund investing in small and medium-sized stocks with market capitalisations from £10m to £2bn. Managed by Mark Niznik, who joined SLI from Invesco Perpetual in April, the fund will seek long-term returns by using fundamental research-driven analysis of UK equities in the FTSE 250 and […]


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