Cazenove Capital is launching a new multi-manager fund for Marcus Brookes and Robin McDonald. It will be called diversity income and is planned for the fourth quarter of this year.
Bank of England chief economist and executive director Spencer Dale has warned off any detractors of the Monetary Policy Committee’s current direction and says inflation is very much still its primary concern. Speaking at the Cardiff Business School last night, Dale said talk of the Government trying to “deflate away” some of the public debt […]
LV= and the Investment Management Association have called on the Government to keep simplicity at the heart of changes to retirement income rules. The Government is reviewing alternatives to compulsory annuitisation at age 75 and its consultation closed on September 9. LV= says getting rid of the age-related annuity rule will make pensions a more […]
The Financial Services Compensation Scheme has confirmed its protection limits for savings on deposit will rise to €100,000 (£85,400) on December 31, 2010. The FSCS deposit limit is currently £50,000 for individuals and £100,000 for couples. It is to rise after the European Commission consulted member states over harmonising the limits across the continent. An […]
The Government borrowed £15.9bn in August, the highest August figure since records began. According to the Office of National Statistics, the Government is now running a monthly deficit of £13.3bn, up from £11bn in August 2009. The ONS says the public sector current budget was in deficit by £46.6bn between April and August 2010. This […]
The fastest growers in the Artemis Global Select Fund this year were also the largest companies, Amazon and Nike. Simon is looking to buy more like them in 2016.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]