Talks over the sale of Liontrust Asset Management have fallen through. The “tentative, management-initiated” approach for the company made on November 5 was terminated after it became clear that an agreement would not be struck within a reasonable timescale. A statement to the Stock Exchange says senior management are committed to the business and customers and profit expectations are unchanged.
Type: Guaranteed equity bondAim: Growth linked to the performance of the FTSE 100 indexMinimum-maximum investment: 3,000-no maximum, Isa 7,000Term: Six yearsReturn: 100% of the growth in the index or 1% growth for every 1% fall in the index up to 50%Guarantee: Original capital returned in full regardless of performance of indexClosing date: January 28, 2004, […]
Treasury select committee chairman John McFall has taken the lead in establishing a new industry forum to help boost confidence in longterm saving.
I note that 13 of the top 30 IFAs and five out of 11 of the top networks lost literally millions of pounds last year.By what stretch of the imagination does that put them in the super league? Perhaps you should have run two reports – a super-league of successful profitable firms and one of […]
Conservative regulation tsar John Redwood has attacked the FSA’s “epic” costs to implement the payment menu.
Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]