Building Societies Association urges consumers not to pay to trace dormant accounts. The BSA wants people who have forgotten money in a building society to track their money for free rather than use schemes that charge.
The ABI has welcomed the Treasury's decision to regulate home reversion schemes, calling it the 'most sensible way forward'. The trade body, like many industry groups, has lobbied the Treasury extensively to change its mind and introduce legislation to regulate home reversion. Until now, the Treasury has resisted, saying there has been no evidence of […]
Technology provider Focus Solutions has signed a deal with Kensington Mortgages to provide online mortgage applications. Focus will provide sub-prime lender Kensington with an online mortgage application system to enable brokers and intermediaries to transact electronic new mortgage business directly with Kensington via the Internet.
Software provider Wealth Management Software has announced it is acquiring rival provider Fairs for £2m, half to be paid upfront with the rest coming upon completion of the deal. Fairs has a long-standing presence in the IFA software market, having at one time being amongst the leading players, although it has failed to keep up […]
Type: Capital-protected fund of hedge funds Aim: Growth linked to the performance of a portfolio of hedge funds Minimum-maximum investment: Lump sum £10,000 Investment split: 100% in hedge funds Term: Eight years and six months Return: 13%-15% growth a year Guarantee: Original capital returned in full regardless of performance of under- lying investments Place of […]
By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]
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Small firms have never been busier, more profitable and optimistic about the future In 1897, the New York Journal reported that American writer Mark Twain was dead. In fact, it was his cousin who had perished. This prompted Twain to politely inform the paper “the reports of my death are greatly exaggerated”. You would be […]
Tenet is looking to attract advisers from providers and banks with a new ‘business in a box’ solution. The network is vying for business from advisers who want to pursue the self-employed route in the simplest fashion. For example, the network will help the adviser set up their own limited company and provide loans for […]
The Financial Ombudsman Service has told Kingswood Financial Advisors to compensate a client over a Sipp investment in an unregulated Harlequin property fund. The case concerns Mr B’s complaints about the advice he received regarding two unregulated investments: one into a Harlequin property fund and the other into Green Oil. The ombudsman’s ruling relates to […]