Banks have shunned the Bank of England’s second £10bn money auction. This is the second time that the Bank of England has run an auction in an attempt to ensure that lenders do not follow in the footsteps of Northern Rock’s funding crisis.
The FSA has reinforced its message that the proposals in the Retail Distribution Review are industry led initiatives, at the IFP conference in Manchester today.Retail intermediaries sector manager Sharon Campbell repeated the FSA’s mantra that it was members of the industry not the FSA who had constructed the paper.She said: “There’s no point in us […]
The more observant among you might have guessed I was away last week.
The article last week headlined, Misleading claims won big payouts, was not the big story since every IFA in my experience has been only too painfully aware of it for years. On the other hand, what was gut-wrenching was the sentence by Lord David Lipsey, who said that, in his experience, some of those compensated […]
More people are saving for their next holiday than for retirement and over a third are not saving for retirement at all according to a new report from Defaqto.The Retirement Income and Savings report, published today, highlights the complacency that many people have about how they are going to fund their retirement.It found 70 per […]
By Rob Burnett, head of European equities, Neptune After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]