After an “interesting” year, Peter Saacke separates the so-what stories (the Swiss franc, Grexit) from the ones with lasting impact on global equities.
Former Morgan Grenfell Asset Management chief Robert Smith has been appointed chairman of the Alliance Trust board. Subject to regulatory approval, Smith will replace Alliance Trust director Karin Forseke who stepped down as chair of the investment trust’s board in November. Smith will take up the role from 1 February. Gregor Stewart will become deputy chairman of the […]
Nest is consulting on plans to allow members to take partial cash withdrawals from their pot as part of a raft of changes at the Government-backed pension scheme. The pension freedoms introduced a new ‘uncrystallised funds pension lump sum’ withdrawal option which allows savers to take chunks of money from their fund, including tax-free cash, […]
A new year has begun – but will it be a happy one for adviser businesses? The implementation of pension freedoms in 2015 was a big shake up which meant many more customers began looking for financial advice. The resulting ‘capacity crunch’ means that in 2016, firms need to continue segmenting those customers they really […]
Jupiter Fund Management secured £496m in new fund inflows in Q4 2015 but was held back by the loss of a segregated mandate worth £57m. In a trading update published today, the fund manager revealed cumulative net mutual fund flows of £2.1bn over 2015, driven by £549m of inflows in the last quarter. Assets under […]
Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]