The only institutions which can kickstart funding for lending are central banks. The system needs more money injected into it and a more flexible approach to what assets can be used as collateral by banks borrowing from the BoE. Banks may then start to trust each other. Suggestions by the Chancellor that the Government has already done its bit shows how little the Government understands the situation. The Government and Bank of England’s paralysis begins to resemble the inaction over Northern Rock.
Invesco Perpetual reached a significant landmark last year when it dethroned Fidelity as the UK’s biggest fund manager, with £30.56bn under management.
Lord Hunt’s proposal to introduce case fees for vexatious complaints brought by claim-chasers could fall foul of human rights law, warns solicitor Reynolds Porter Chamberlain.
IFSL Impax Environmental Leaders Fund
Having been hit by the retail distribution review, treating customers fairly, the credit crunch and Budget tax changes, IFAs face a host of challenges. This is especially true if you are an investment specialist.
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses why it is difficult to keep a long-term perspective in short-term markets.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Price comparison website Moneysupermarket.com has bought website and mobile app Ontrees for an undisclosed sum. The app has been bought from Associated Newspapers. The service, which launched in 2012, aggregates consumer bank account and credit card information and aims to simplify personal finance spending, budgeting and transaction monitoring. Ontrees was the top ranking finance application in […]
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]