Chris Salih

Chris Salih has left Money Marketing

Jupiter: net flows fall 70% due to IFA ‘hiatus’

Jupiter has reported a 70 per cent fall in net flows in the first quarter of 2013, which it blames on a “hiatus” in the IFA market after the RDR. The firm’s net flows fell from £688m in the fourth quarter of 2012 to £209m in Q1. Jupiter says the predicted hiatus resulted in a […]

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Lloyds considers Swip sale to boost capital

Lloyds Banking Group is considering the sale of Scottish Widows Investment Partnership in a bid to boost capital. According to Bloomberg, the bank has hired Deutsche Bank to advise on the potential sale of the asset manager, which oversees £142bn of assets. The report says Deutsche Bank has been gauging interest from possible bidders but […]

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Jupiter: Net flows down 70% due to ‘hiatus’ in IFA market post-RDR

Jupiter has reported a 70 per cent fall in net flows in the first quarter of 2013, which it blames on a “hiatus” in the IFA market post-RDR. The firm’s net flows fell from $688m in the fourth quarter of 2012 to £209m in Q1. Jupiter says the predicted hiatus resulted in a slow start to […]

Swip UK equity manager James Clunie to join Jupiter

Scottish Widows Investment Partnership UK equity manager James Clunie is joining Jupiter Asset Management. Clunie will help develop Jupiter’s total return and equity long-short offering when he joins in July. Clunie has been at Swip since April 2007 and managed the £51.8m Swip UK Flexible Strategy, £116m Swip UK Opportunities, £46.7m Scottish Widows Select Growth and £72.4m TU […]

UK unemployment rises to 2.56m

The number of people out of work rose by 70,000 to 2.56 million between December 2012 and February 2013, according to figures from the Office for National Statistics. The unemployment rate for December 2012 to February 2013 was 7.9 per cent of the economically active population, up 0.2 percentage points from September to November 2012. […]

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Hargreaves Lansdown says RDR helped it achieve record inflows

Hargreaves Lansdown has cited a rise in self-investing post-RDR after attracting a record £1.8bn of net inflows in the first quarter of the year. The inflows bring the group’s assets under administration to a record £35.1bn, a 23 per cent increase from the start of 2013. The group reported  £4.7bn of new assets in the […]

UK inflation unchanged at 2.8% in March

The consumer prices index has remained unchanged at 2.8 per cent in March, according to figures from the Office for National Statistics. The largest upward contribution came from the recreation and culture sector where there were price rises for audio-visual equipment and books, newspapers and stationary. The largest downward contributions came from furniture & furnishings, […]

Swip UK equity manager James Clunie to join Jupiter

Scottish Widows Investment Partnership UK equity manager James Clunie is to join Jupiter Asset Management. Clunie is joining Jupiter in July and will help develop its total return and equity long-short offering. Clunie, who has been at Swip since April 2007, managed the managed the £51.8m Swip UK Flexible Strategy fund, £116m Swip UK Opportunities fund, £46.7m Scottish […]

IMF set to cut global growth forecast

The International Monetary Fund is set to cut its forecast for global growth in 2013 this week due to the impact of US public spending cuts and continued uncertainty in the eurozone. The IMF forecasted global growth of 3.5 per cent in January, however it is expected to reduce that figure by 0.1 per cent […]

Ashcourt Rowan hires Brewin Dolphin’s Burnham

Ashcourt Rowan has boosted its asset management offering with the appointment of Brewin Dolphin’s Harry Burnham. Burnham, who has been at Brewin Dolphin since 2000, will join the board of Ashcourt Rowan Asset Management. In his current role Burnham is responsible for a range of individual, trust and charitable portfolios as well as managing the […]

Ashcourt Rowan hires Brewin Dolphin’s Burnham

Ashcourt Rowan has boosted its asset management offering with the appointment of Brewin Dolphin’s Harry Burnham. Burnham, who has been at Brewin Dolphin since 2000, will join the board of Ashcourt Rowan Asset Management. In his current role Burnham is responsible for a range of individual, trust and charitable portfolios as well as managing the […]