Royal Bank of Scotland Group has confirmed today it will be launching a £12bn rights issue in a bid to reposition its capital ratios and strengthen its capital base.
With property prices falling in some areas, you would think that there was an opportunity for struggling first-time buyers trying to get on the housing ladder. Unfortunately, while prices may become more affordable, the rapidly diminishing number of high loan to value mortgages means the majority of first-time buyers will not be able to take advantage of this situation.
I refer to a recent thought- provoking article in Money Marketing on treating customers fairly.
The Investment Management Association has called for a £50,000 compensation limit for bank depositors in a bid restore confidence in the system.
Much has been publicised about how to calculate the tapered Annual Allowance (AA). Are you aware that any subsequent planning could affect the taper calculations? Read more
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Workplace savings and pensions business Punter Southall Aspire is to acquire Oxford-based IFA Focus Oxford as it outlines its ambition to set up a national advice service. The acquisition is part of the firm’s plan to integrate its retail advisory arm and corporate business. Focus Oxford has £200m of assets under management and the deal […]
Several independent boards of Baillie Gifford’s investment trust clients have written to the FCA about concerns with new Priips key information document rules. Baillie Gifford’s concerns relate to disclosure rules for the documents. It says these are based on past performance and could lead to investors being misled. Baillie Gifford compliance and legal partner Graham Laybourn […]
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