A man has been sentenced to 538 days in jail for failing to pay a confiscation order for insider dealing. Pardip Saini was sentenced to three years and six months in prison in July 2012 and ordered to pay £464,564. He was due to pay the order by 12 March, but £222,047 remains outstanding. At […]
Every now and then, whenever I write about a financial dilemma faced by myself or a close family member, I receive lots of emails and online messages telling me all I am trying to do is obtain free advice over the internet. In reality, this is almost never the case: by the time the article […]
Prudential is in talks with technology provider Bravura about supporting its long-awaited platform launch, Money Marketing understands. However, a Pru spokesman says the offering is unlikely to be unveiled until the end of 2015. He says: “It is not a platform in the investment sense; it is administration. “Over the past year or so, we have […]
The FCA has ordered eight advice firms to carry out skilled persons reports in relation to insistent clients following a thematic review on pension transfers, Money Marketing understands. A skilled persons report, also known as a Section 166 report, checks for weaknesses or failings in a firm’s practices. The review can result in enforcement action […]
By Robin Geffen, fund manager and CEO
This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar.
In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.
- Top trends
- Top trends
- How much are advisers charging for pension transfers?
- Nick Bamford: Re-platforming problems exposing the dinosaurs
- Advisers question SimplyBiz membership amid rising costs and declining offerings
- IFS director: Inheritance increasingly determines wealth in UK
- FCA and CII announce new exam to ‘reassess’ Level 4 qualifications
News and expert analysis straight to your inboxSign up