T.Bailey fund of funds guru Jason Britton is either very unlucky or a jinx. Last week, he went to see Barings at its offices, only to find one of the ground floor shops beneath it ablaze.Next stop that day was New Star’s swanky Knightsbridge offices but after arriving for his appointment, he found himself embroiled in a full fire drill and was made to march down 10 floors fully suited on the hottest day of the year.l Artemis sponsored the rather esoteric Great Kindrochit Quadrathlon earlier this month, which saw plucky contestants complete a one-mile swim across Loch Tay, which we are told is very wet, dark and cold. Next up, they climbed up several hills equivalent to going a third of the way up Everest. Those aching limbs then had to cycle 34 miles around the loch before slicing a water melon in half with a sword. Their fine efforts will fund redevelop programmes in Ethiopia.
Webline has announced a 250,000 investment in new developments for the portal as a result of adviser feedback.The selected enhancements will provide advisers with additional more advanced comparison facilities to provide a better service to the client and offer more opportunity to up-sell products.The other main area of development focuses on providing additional management information […]
The Department of Trade and Industry will shortly abolish audit requirements for regulated small firms and ARs.
The practitioner panel and the FSA are rowing about the quality of the regulator’s mystery-shopping exercises.
The Financial Services Authority has today publicly reprimanded a mortgage broker and published a ‘statement of misconduct’ for failing customers.In the first such disciplinary case against a senior manager of a mortgage and general insurance broker, Steven Leslie Davis was found to have “fallen well below acceptable standards in the way that he carried out […]
Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]