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
- Top trends
- Waspi women should be given £15,000 each, Lib Dems say
- Steve Bee: Make way for the next generation of Waspi women
- DWP admits ‘misleading’ public on Scottish independence
- Woodford: Three picks for enticing equity valuations
- Waspi slams ‘devastating’ state pension age hike as IFS says reforms saved £5.1bn
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