Schroders has appointed Rory Bateman as head of European equities, replacing Gary Clarke, who left the firm in May to join JP Morgan.
The International Monetary Fund has called for a crackdown on cross-border tax evasion and suggested the creation of a World Tax Organisation to co-ordinate efforts. A report co-authored by director of fiscal affairs Carlo Cottarelli and deputy division chief Andrea Schaechter says action on tax evasion and erosion is needed to make the drastic spending […]
M&G Investments head of retail fixed income Jim Leaviss is to hand his highyield corporate bond fund to Stefan Isaacs to focus on M&G’s new UK inflationlinked corporate bond fund.
Principality Building Society – 3-Year BBR + 2.49% Switch to Fixed (Direct)
The FSA has still not set a timeframe for when its consultation paper on capital adequacy requirements will be published, despite promising a consultation this year. In November 2009 the regulator announced that all IFAs will have to hold capital worth at least three months of their annual fixed expenditure, with a minimum of £20,000. […]
By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]