Barclays customers taking out its 6.5 per cent cash Isa may have to wait almost four weeks for accounts to be opened because of a huge backlog due to massive demand. It promises to backdate interest to the day the contract was signed.
Chris Salih says a late upturn in sales saved the Isa season.
The changing nature of equity income has made it near impossible to distinguish between those managers who seek to provide a rising dividend and those willing to sacrifice some income in favour of potentially higher capital gains.
A new survey of pension statements claims major companies are failing to reach an acceptable benchmark for service.
Fidelity’s Tim McCarron has reassured investors that despite four years of strong returns there is still scope for European growth.
In recent years, a popular narrative about the global economy has been that it is ‘stuck in a low gear’, with central banks unable to tighten policy. As recently as a year ago, there was much talk about the pros and cons of negative interest rates. This year, however, instead of a barrage of media […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]