Liberal Democrat chief Treasury spokesman Vincent Cable is calling on the Government to toughen up on lenders selling payment protection insurance. Cable wants to see the Office of Fair Trading conduct a full-scale review into the PPI market. Cable has condemned big banks and a number of small brokers for taking advantage of weak rules, which do not require disclosure of commissions.
A Devon IFA claims the Financial Ombudsman Service uses unfair criteria to decide whether a complaint against an IFA is frivolous or vexatious. Philip G Milton & Co managing director Philip Milton has been the subject of three complaints to the FOS, which have either been withdrawn or rejected because there was no case to […]
Type: Capital-protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £2,500-£250,000 Term: Five years and six months Guarantee: Original capital returned in full regardless of performance in the index Return: Up to 100% growth at end of the term or 30% growth if index grows by at least 30% […]
Eighty per cent of IFAs and mortgage brokers are considering leaving or will leave the mortgage market when regulation starts in October, according to a survey carried out by mortgage intermediary firm Cartel. Chief executive Carl Wright says he expects the volume of mortgage transactions in the UK to fall over the next 12 months […]
Rightmove was the most upbeat of the house price indices in March, showing a 2.9 per cent increase compared with 2.1 per cent in February. It says annual house price inflation rose to 11.9 per cent in March from 10 per cent in February, putting the average asking price at £179,570. Commercial director Miles Shipside […]
The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.
In the video, Taylor addresses the following:
• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
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