Examples of Barclays’ advisers placing a number of risk-averse customers nearing retirement in a single specialist fund, resulting in huge losses, have done little to alter IFAs’ impression of bank advice.
The most recent rebalancing of the Adviser Fund Index was in November 2008 in the wake of market collapse following the Lehman Brothers’ bankruptcy. Six months on, the AFI is due to be rebalanced again in May as markets tentatively start to rise.
The Chancellor has revealed Government borrowing will be £175bn this year, equivalent to around 12.4% of GDP.
Northern Rock has revealed its arrears rate has increased by more than 25 per cent in the first three months of 2009.
Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief. Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place. And that got me to thinking […]
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Advisers face headwinds but could cash in on new opportunities
The FCA is looking to improve the clarity of its register so warnings against bad advice firms such as those involved in unsuitable defined benefit pension transfers are easier to spot. In an interview with Channel 4 News last night, FCA supervision director Megan Butler recognised that the current display, which does not immediately show […]
Well there’s no need for VCT investors to be patient any longer. The Government’s Patient Capital Review response, which reviewed VCTs and EIS schemes and looked at the obstacles to getting long-term investment into firms, was published in the Autumn Budget. A collective sigh of relief could be heard when it became clear that the […]