St James's Place Capital's new business figure show new sales down by nearly a quarter.
For the three months leading up to Sept 2002 sales were £35m – down from £45m the year before.
It says the figure reflect the continuing difficult investment conditions.
Conservative Shadow pensions minister John Bercow has resigned from the front bench rather than give into pressure from the party to vote against Government plans to allow gay and unmarried partners to adopt children.He has been replaced on the pensions front by former social security minister Oliver Heald, who served in John Major's Government in […]
Skandia has appointed John Clougherty as sales director of its soon-to-be-launched mutual funds business. Clougherty, formerly of Merrill Lynch, will report to Skandia Oeic business managing director Jamie MacLeod, appointed in July. Clougherty's appointment comes hard on the heels of Spike Hughes from Hargreaves Lansdown and Clive Hale from John Scott and Partners joining its […]
The great and the good of financial services turned up last week at the Bloomberg head office in the City to hear the case for and against the future of with-profits.Proposing the motion that With-profits Remains a Good Investment for the 21st Century Investor was Standard Life head of with-profits marketing David Hare. Opposing was […]
With unit trust sales and commission going rapidly down the pan, IFAs will have to scratch around for alternative sources of income. And long-term care provision provides plenty of opportunities.We are supposedly all motivated by fear or greed. But if that is the case, then the findings of a recent survey by NOP, conducted on […]
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
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Invesco Perpetual leads the latest edition of the infamous Spot the Dog report, which identifies underperforming equity funds, as the number of dogs hits a record high. In its bi-annual Spot the Dog report, Bestinvest names and shames funds that have underperformed their benchmarks for three consecutive years and by more than five per cent over […]
Most firms regulated by the FCA are satisfied with its performance and believe it is an efficient regulator, the watchdog has said. The survey conducted by the FCA and its Practitioner Panel – one of its advisory bodies – sought feedback on the regulator’s performance from the firms it oversees. The results showed that both satisfaction and […]
Investing at this stage of the market cycle is a tough balancing act. While over-exposure to risky assets leaves a portfolio vulnerable when a correction really bites, taking too much risk off the table too soon can mean missing out on the remaining opportunities which may still present themselves over the coming months. With so […]
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