View more on these topics

Bin there

The Diary hears that bursts of My Old Man&#39s A Dustman can be heard at the Bristol offices of Hargreaves Lansdown when investment supremo Mark Dampier walks in. Rumour has it that Damps&#39 career ambition was to be the man standing on the footplate of a dustbin lorry, whistling as he tossed bins full of rubbish into the jaws of the masher and scooping up the tips come Christmas time.

The Diary is reliably informed that Dampier applied to the council for a job as a dustman but was rejected for trying to run before he could walk. “No, Dampier,” the binman board said, “You can&#39t be one of us until you&#39ve spent a year as a roadsweeper.” (And his dad hadn&#39t put his name down when he was three) Being a bit broom-shy, the fund-picker has had to content himself with the dirty work of financial services.

Recommended

Selestia takes Sipp service on the road

Fund supermarket Selestia says four more funds are joining its platform, bringing the total to 384 from 47 providers.The funds are Aegon&#39s European bond fund, First State&#39s corporate bond and cash funds and Morley&#39s higher-income property trust.Selestia is also going on the road to promote its expansion into the Sipp market with its IFA partner […]

Northern Rock – Fifty:Fifty issue 20

Northern Rock – Fifty: Fifty issue 20 Type: Guaranteed equity bond and high interest account GUARANTEED EQUITY BOND Aim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £2,500 Term: Five years Guarantee: Capital returned in full at end of term regardless of performance in index Return: Up to 70% […]

The &#39real&#39 thing

The start of the new tax year served as the deadline for product providers to adjust annuity rates within statutory moneypurchase illustrations to reflect new mortality tables, as laid out in CP134.At first sight, the adjustments seem small, with the estimated total cost of implementation amounting to £22m, according to the ABI.But CP134 deserves closer […]

Fidelity to run IFA workshops

Fidelity will be running a series of workshops for IFAs in 26 venues across the UK from late May to early June. The workshops will address issues including how asset allocation strategies should be modified in the lower-return environment, restoring investors&#39 confidence and investment planning without new investment. The seminars begin on May 27 in […]

2

DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment